American Lithium (CVE:LI) Share Price Crosses Below Fifty Day Moving Average of $0.83

Shares of American Lithium Corp. (CVE:LI) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.83 and traded as low as C$0.65. American Lithium shares last traded at C$0.65, with a volume of 163,338 shares changing hands.

Wall Street Analyst Weigh In

LI has been the topic of a number of research reports. National Bankshares set a C$1.50 price objective on American Lithium and gave the stock an “outperform” rating in a report on Thursday, June 6th. National Bank Financial upgraded shares of American Lithium to a “strong-buy” rating in a report on Thursday, June 6th.

American Lithium Trading Down 3.0 %

The firm has a market cap of C$139.53 million, a P/E ratio of -3.25 and a beta of 2.36. The business’s 50 day moving average is C$0.83 and its 200-day moving average is C$0.95. The company has a quick ratio of 1.45, a current ratio of 10.73 and a debt-to-equity ratio of 0.10.

American Lithium (CVE:LI) last released its earnings results on Thursday, May 30th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.01). As a group, analysts forecast that American Lithium Corp. will post -0.0691633 earnings per share for the current fiscal year.

About American Lithium

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.