American Lithium (NASDAQ:AMLI) Shares Down 3.8% – Time to Sell?

American Lithium Corp. (NASDAQ:AMLI) dropped 3.8% during mid-day trading on Tuesday . The stock traded as low as $0.23 and last traded at $0.25. Approximately 66,573 shares were traded during trading, a decline of 86% from the average daily volume of 482,384 shares. The stock had previously closed at $0.26.

American Lithium Stock Down 3.8 %

The firm has a 50 day simple moving average of $0.29 and a two-hundred day simple moving average of $0.46. The stock has a market capitalization of $53.68 million, a P/E ratio of -2.46 and a beta of 1.41.

Institutional Investors Weigh In On American Lithium

An institutional investor recently bought a new position in American Lithium stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in American Lithium Corp. (NASDAQ:AMLI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 161,000 shares of the company’s stock, valued at approximately $62,000. Stonehage Fleming Financial Services Holdings Ltd owned about 0.07% of American Lithium at the end of the most recent reporting period. 7.70% of the stock is currently owned by institutional investors.

About American Lithium

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.