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 trading on Thursday. The company traded as low as C$0.32 and last traded at C$0.33, with a volume of 23,098 shares changing hands. The stock had previously closed at C$0.33.

Analyst Upgrades and Downgrades

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

American Lithium Stock Down 1.5%

The company has a market cap of C$83.80 million, a PE ratio of -8.12 and a beta of 1.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 5.66. The company has a fifty day moving average of C$0.40 and a two-hundred day moving average of C$0.52.

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.