American Lithium (NASDAQ:AMLI) Stock Price Down 1.7% – Here’s Why

Shares of American Lithium Corp. (NASDAQ:AMLI) were down 1.7% during trading on Monday . The company traded as low as $0.30 and last traded at $0.30. Approximately 111,685 shares traded hands during trading, a decline of 76% from the average daily volume of 474,469 shares. The stock had previously closed at $0.30.

American Lithium Stock Down 1.2 %

The firm has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.49. The company has a market capitalization of $61.35 million, a P/E ratio of -2.82 and a beta of 1.41.

Institutional Trading of American Lithium

A hedge fund recently bought a new stake in American Lithium stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of American Lithium Corp. (NASDAQ:AMLI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 161,000 shares of the company’s stock, valued at approximately $62,000. Stonehage Fleming Financial Services Holdings Ltd owned 0.07% of American Lithium as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.70% of the company’s stock.

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.