National Bank Financial Issues Pessimistic Forecast for American Lithium (CVE:LI) Stock Price

American Lithium (CVE:LI) had its price objective reduced by equities research analysts at National Bank Financial from C$0.60 to C$0.50 in a note issued to investors on Monday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 35.14% from the stock’s previous close.

American Lithium Price Performance

LI stock traded down C$0.01 during midday trading on Monday, hitting C$0.37. 52,344 shares of the stock were exchanged, compared to its average volume of 206,377. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 5.37. The stock has a market cap of C$94.60 million, a price-to-earnings ratio of -9.25 and a beta of 2.05. American Lithium has a fifty-two week low of C$0.36 and a fifty-two week high of C$0.98. The stock’s 50-day moving average price is C$0.43 and its 200-day moving average price is C$0.49.

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.