American Lithium (CVE:LI) Sets New 1-Year Low – Should You Sell?

Shares of American Lithium Corp. (CVE:LI) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.33 and last traded at C$0.34, with a volume of 26,064 shares changing hands. The stock had previously closed at C$0.34.

Analyst Ratings Changes

Separately, National Bank Financial decreased their price target on American Lithium from C$0.60 to C$0.50 and set a “sector perform” rating on the stock in a research note on Monday, October 19th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$0.50.

American Lithium Trading Up 1.5%

The business has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.55. The firm has a market capitalization of C$86.93 million, a price-to-earnings ratio of -8.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 5.37.

American Lithium Company Profile

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.