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

Shares of American Lithium Corp. (CVE:LI) reached a new 52-week low during trading on Wednesday. The company traded as low as C$0.36 and last traded at C$0.36, with a volume of 20,927 shares. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut their price target on American Lithium from C$0.60 to C$0.50 and set a “sector perform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Hold rating. According to MarketBeat, American Lithium presently has an average rating of “Hold” and an average target price of C$0.50.

American Lithium Stock Performance

The company has a fifty day moving average of C$0.43 and a 200-day moving average of C$0.49. The firm has a market capitalization of C$92.04 million, a PE ratio of -9.00 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.37 and a quick ratio of 1.45.

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.