American Lithium (CVE:LI) Lowered to “Hold” Rating by National Bank Financial

National Bank Financial cut shares of American Lithium (CVE:LI) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Separately, National Bankshares downgraded American Lithium from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$0.80 to C$0.70 in a research report on Thursday.

American Lithium Trading Down 1.7 %

CVE:LI opened at C$0.57 on Wednesday. The company has a market cap of C$124.01 million, a P/E ratio of -3.35 and a beta of 2.30. American Lithium has a twelve month low of C$0.44 and a twelve month high of C$1.51. The business has a 50 day moving average price of C$0.76 and a two-hundred day moving average price of C$0.74. 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 issued its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, analysts expect that American Lithium will post -0.0691633 EPS for the current fiscal year.

Insider Buying and Selling

In other American Lithium news, Director Andrew William Bowering purchased 131,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of C$0.60 per share, with a total value of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$1.01, for a total value of C$101,000.00. 9.58% of the stock is owned by corporate insiders.

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.