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

American Lithium Corp. (CVE:LI) reached a new 52-week low on Monday . The stock traded as low as C$0.41 and last traded at C$0.40, with a volume of 118341 shares changing hands. The stock had previously closed at C$0.42.

Analyst Ratings Changes

Several brokerages recently commented on LI. National Bankshares cut American Lithium from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$0.80 to C$0.70 in a research report on Thursday, January 16th. National Bank Financial lowered shares of American Lithium from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th.

American Lithium Trading Down 4.8 %

The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of C$89.93 million, a price-to-earnings ratio of -2.73 and a beta of 2.30. The company has a fifty day moving average price of C$0.47 and a two-hundred day moving average price of C$0.69.

American Lithium Company Profile

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.