American Lithium (CVE:LI) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shares of American Lithium Corp. (CVE:LI) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.76 and traded as low as C$0.69. American Lithium shares last traded at C$0.70, with a volume of 118,269 shares.

American Lithium Stock Up 2.2%

The firm has a 50 day moving average price of C$0.76 and a 200-day moving average price of C$0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45. The firm has a market cap of C$181.52 million, a price-to-earnings ratio of -5.92 and a beta of 2.61.

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.