American Lithium (OTCMKTS:AMLIF) Issues Quarterly Earnings Results

American Lithium (OTCMKTS:AMLIF) released its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

American Lithium Stock Down 1.2%

OTCMKTS:AMLIF traded down $0.00 during mid-day trading on Friday, reaching $0.32. The stock had a trading volume of 21,292 shares, compared to its average volume of 145,275. American Lithium has a 12 month low of $0.24 and a 12 month high of $0.91. The stock has a market capitalization of $81.17 million, a PE ratio of -10.58 and a beta of 1.74. The business has a 50-day simple moving average of $0.40.

About American Lithium

American Lithium (OTCMKTS: AMLIF) is a publicly traded mineral exploration and development company focused on the discovery and advancement of lithium resources. The company’s core activities include exploration and drilling to define mineral resources, metallurgical test work to assess recoverability, and engineering and environmental studies aimed at advancing projects through permitting and toward potential production. American Lithium positions itself as a supplier to the battery materials supply chain, targeting demand from electric vehicle manufacturers and energy storage markets.

As an early- to mid-stage lithium developer, the company pursues project advancement through technical studies, stakeholder engagement and partnerships that can provide capital or operational expertise.