American Lithium (CVE:LI) Reaches New 52-Week Low at $0.51

American Lithium Corp. (CVE:LI)’s share price reached a new 52-week low on Wednesday . The stock traded as low as C$0.51 and last traded at C$0.52, with a volume of 54399 shares changing hands. The stock had previously closed at C$0.53.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LI shares. National Bank Financial raised shares of American Lithium to a “strong-buy” rating in a research report on Thursday, June 6th. National Bankshares set a C$1.50 price objective on shares of American Lithium and gave the stock an “outperform” rating in a research note on Thursday, June 6th.

American Lithium Price Performance

The business has a 50 day moving average of C$0.67 and a 200 day moving average of C$0.84. The company has a market cap of C$113.13 million, a PE ratio of -3.12 and a beta of 2.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.35 and a quick ratio of 1.45.

American Lithium (CVE:LI) last issued its quarterly earnings results on Monday, July 15th. The company reported C($0.03) earnings per share for the quarter. As a group, research analysts predict that American Lithium Corp. will post -0.0691633 EPS for the current 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.