American Lithium (CVE:LI) Trading Down 8.3%

American Lithium Corp. (CVE:LI – Get Rating) fell 8.3% on Thursday . The stock traded as low as C$3.86 and last traded at C$3.88. 130,309 shares were traded during mid-day trading, a decline of 87% from the average session volume of 990,630 shares. The stock had previously closed at C$4.23.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reaffirmed a “buy” rating on shares of American Lithium in a research report on Monday, December 5th.

American Lithium Price Performance

The business has a fifty day moving average of C$2.84 and a 200-day moving average of C$2.45. The firm has a market cap of C$855.87 million and a PE ratio of -33.23. The company has a current ratio of 10.41, a quick ratio of 1.45 and a debt-to-equity ratio of 0.14.

American Lithium (CVE:LI – Get Rating) last released its quarterly earnings results on Monday, October 31st. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.03). As a group, research analysts predict that American Lithium Corp. will post -0.0691633 earnings per share for the current year.

About American Lithium

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American Lithium Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Claystones project covering an area of approximately 5,052 hectares located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.