American Lithium (CVE:LI) Trading Down 8.6% – What’s Next?

American Lithium Corp. (CVE:LI) shares fell 8.6% during mid-day trading on Tuesday . The company traded as low as C$1.17 and last traded at C$1.17. 539,966 shares were traded during trading, an increase of 184% from the average session volume of 189,997 shares. The stock had previously closed at C$1.28.

American Lithium Stock Down 9.4 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 5.35 and a quick ratio of 1.45. The business has a 50 day moving average of C$0.62 and a 200 day moving average of C$0.76. The firm has a market capitalization of C$252.37 million, a price-to-earnings ratio of -6.76 and a beta of 2.30.

American Lithium (CVE:LI) last announced its quarterly earnings results on Monday, July 15th. The company reported C($0.03) EPS for the quarter. On average, equities analysts anticipate that American Lithium Corp. will post -0.0691633 EPS for the current year.

Insider Activity at American Lithium

In related news, Director Andrew William Bowering sold 50,000 shares of American Lithium stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of C$1.11, for a total value of C$55,500.00. Insiders sold 110,000 shares of company stock valued at $85,500 in the last ninety days. Insiders own 9.58% 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.