American Lithium Corp. (CVE:LI – Get Free Report) Director Andrew William Bowering purchased 150,000 shares of American Lithium stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of C$0.71 per share, with a total value of C$106,500.00.
American Lithium Stock Down 2.7 %
Shares of LI opened at C$0.72 on Friday. The firm has a market cap of C$154.56 million, a P/E ratio of -3.60 and a beta of 2.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 10.73. American Lithium Corp. has a 52 week low of C$0.64 and a 52 week high of C$3.09. The firm’s 50-day simple moving average is C$0.93 and its 200 day simple moving average is C$1.29.
Wall Street Analyst Weigh In
Separately, Eight Capital cut their price target on American Lithium from C$8.40 to C$5.00 and set a “buy” rating for the company in a report on Thursday, January 11th.
American Lithium Company Profile
American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on 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.
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