American Lithium (CVE:LI) Hits New 52-Week Low – Here’s What Happened

American Lithium Corp. (CVE:LI)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as C$0.32 and last traded at C$0.33, with a volume of 97,043 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

Separately, National Bank Financial dropped their target price on American Lithium from C$0.60 to C$0.50 and set a “sector perform” rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, American Lithium currently has an average rating of “Hold” and an average target price of C$0.50.

American Lithium Stock Performance

The company’s 50 day simple moving average is C$0.42 and its 200 day simple moving average is C$0.54. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 5.37. The stock has a market cap of C$81.81 million, a PE ratio of -8.00 and a beta of 2.05.

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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.