American Lithium (CVE:LI) Hits New 1-Year Low – What’s Next?

Shares of American Lithium Corp. (CVE:LI) hit a new 52-week low on Monday . The stock traded as low as C$0.42 and last traded at C$0.42, with a volume of 210094 shares traded. The stock had previously closed at C$0.42.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. National Bankshares cut American Lithium from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$0.80 to C$0.70 in a research report on Thursday, January 16th. National Bank Financial lowered shares of American Lithium from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th.

American Lithium Price Performance

The business has a 50-day moving average of C$0.53 and a two-hundred day moving average of C$0.70. The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The firm has a market cap of C$96.67 million, a P/E ratio of -2.93 and a beta of 2.30.

Insider Transactions at American Lithium

In other American Lithium news, Director Andrew William Bowering purchased 131,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of C$0.60 per share, for a total transaction of C$78,742.20. Company insiders own 9.58% of the company’s stock.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in North and South America. Its properties include the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.