American Lithium (CVE:LI) Stock Passes Above 200 Day Moving Average – What’s Next?

American Lithium Corp. (CVE:LI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.66 and traded as high as C$0.72. American Lithium shares last traded at C$0.70, with a volume of 581,461 shares traded.

American Lithium Trading Down 1.4%

The stock has a market capitalization of C$178.97 million, a P/E ratio of -5.83 and a beta of 2.61. The stock’s fifty day moving average price is C$0.76 and its 200 day moving average price is C$0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in North and South America. Its properties include 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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.