American Lithium (CVE:LI) Sets New 1-Year Low at $0.44

American Lithium Corp. (CVE:LI) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.44 and last traded at C$0.44, with a volume of 61845 shares trading hands. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

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

American Lithium Trading Up 14.0 %

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 simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.80. The stock has a market cap of C$115.31 million, a price-to-earnings ratio of -2.74 and a beta of 2.22.

American Lithium (CVE:LI) last posted its earnings results on Monday, July 15th. The company reported C($0.03) earnings per share for the quarter. Equities analysts forecast that American Lithium Corp. will post -0.0691633 EPS for the current fiscal year.

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.