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

Shares of American Lithium Corp. (CVE:LI) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Analyst Ratings Changes

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

American Lithium Trading Down 3.0 %

The stock has a market capitalization of C$139.53 million, a price-to-earnings ratio of -3.25 and a beta of 2.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.73 and a quick ratio of 1.45. The business has a 50 day simple moving average of C$0.83 and a 200-day simple moving average of C$0.95.

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