American Lithium Corp. (CVE:LI – Get Free Report) dropped 1.2% during mid-day trading on Friday . The stock traded as low as C$0.83 and last traded at C$0.85. Approximately 412,061 shares were traded during trading, a decline of 25% from the average daily volume of 548,426 shares. The stock had previously closed at C$0.86.
American Lithium Stock Down 1.2%
The company’s 50-day simple moving average is C$0.73 and its two-hundred day simple moving average is C$0.63. The firm has a market capitalization of C$216.97 million, a P/E ratio of -5.67 and a beta of 3.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45.
About American Lithium
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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.
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