American Lithium (CVE:LI) Stock Price Down 9.3% – Here’s Why

American Lithium Corp. (CVE:LIGet Free Report)’s stock price was down 9.3% during mid-day trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 564,837 shares were traded during trading, an increase of 91% from the average daily volume of 295,972 shares. The stock had previously closed at C$0.75.

American Lithium Stock Performance

The company has a market cap of C$176.13 million, a price-to-earnings ratio of -4.60 and a beta of 2.10. The firm has a 50-day simple moving average of C$0.72 and a 200 day simple moving average of C$0.50. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06.

American Lithium Company Profile

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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.

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