American Lithium (NASDAQ:AMLI) Rating Increased to Strong-Buy at National Bank Financial

American Lithium (NASDAQ:AMLIGet Free Report) was upgraded by stock analysts at National Bank Financial to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

American Lithium Stock Performance

NASDAQ AMLI opened at $0.67 on Wednesday. The business’s 50 day moving average price is $0.66 and its 200-day moving average price is $0.85. American Lithium has a fifty-two week low of $0.46 and a fifty-two week high of $2.33. The company has a market cap of $145.77 million, a P/E ratio of -4.79 and a beta of 1.57.

Hedge Funds Weigh In On American Lithium

A number of large investors have recently made changes to their positions in AMLI. Atria Wealth Solutions Inc. raised its position in American Lithium by 166.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 29,255 shares of the company’s stock worth $42,000 after purchasing an additional 18,274 shares during the period. Clarity Capital Partners LLC bought a new stake in shares of American Lithium during the 4th quarter worth approximately $159,000. Smith Anglin Financial LLC boosted its holdings in American Lithium by 8.2% during the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock valued at $178,000 after acquiring an additional 12,272 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in American Lithium by 7.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company’s stock valued at $13,807,000 after acquiring an additional 891,959 shares during the last quarter. 7.70% of the stock is owned by hedge funds and other institutional investors.

About American Lithium

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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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