American Lithium (CVE:LI) Rating Lowered to “Sector Perform” at National Bankshares

American Lithium (CVE:LI) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$0.70 target price on the stock, down from their previous target price of C$0.80. National Bankshares’ price target indicates a potential upside of 18.64% from the stock’s previous close.

American Lithium Stock Up 3.5 %

LI opened at C$0.59 on Thursday. The company’s 50-day moving average price is C$0.74 and its two-hundred day moving average price is C$0.74. American Lithium has a twelve month low of C$0.44 and a twelve month high of C$1.50. The stock has a market cap of C$128.36 million, a price-to-earnings ratio of -3.47 and a beta of 2.30. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last posted its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share for the quarter. As a group, equities analysts expect that American Lithium will post -0.0691633 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George Binninger sold 100,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$1.01, for a total transaction of C$101,000.00. Also, Director Andrew William Bowering bought 131,500 shares of American Lithium stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of C$0.60 per share, with a total value 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.