American Lithium (OTCMKTS:LIACF) Shares Down 7.4% – Here’s Why

American Lithium Corp. (OTCMKTS:LIACFGet Free Report)’s stock price dropped 7.4% on Monday . The company traded as low as $0.31 and last traded at $0.31. Approximately 193,058 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 432,060 shares. The stock had previously closed at $0.34.

American Lithium Stock Performance

The firm has a market capitalization of $64.73 million, a price-to-earnings ratio of -2.82 and a beta of 1.48. The business’s 50-day moving average is $0.29 and its two-hundred day moving average is $0.28.

American Lithium Company Profile

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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.

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