American Lithium (CVE:LI) Trading Up 2%

American Lithium Corp. (CVE:LI) traded up 2% on Monday . The stock traded as high as C$0.51 and last traded at C$0.51. 38,749 shares were traded during trading, a decline of 78% from the average session volume of 174,496 shares. The stock had previously closed at C$0.50.

Analyst Ratings Changes

A number of research firms have recently commented on LI. National Bank Financial upgraded American Lithium to a “strong-buy” rating in a research note on Thursday, June 6th. National Bankshares set a C$1.50 price objective on American Lithium and gave the company an “outperform” rating in a report on Thursday, June 6th.

American Lithium Stock Performance

The stock’s 50-day simple moving average is C$0.58 and its 200-day simple moving average is C$0.78. The stock has a market cap of C$124.01 million, a price-to-earnings ratio of -3.47 and a beta of 2.22. The company has a current ratio of 5.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last issued its earnings results on Monday, July 15th. The company reported C($0.03) earnings per share for the quarter. Analysts forecast that American Lithium Corp. will post -0.0691633 earnings per share for the current fiscal year.

American Lithium Company Profile

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on 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.