American Lithium (CVE:LI) Sets New 52-Week Low at $0.44

American Lithium Corp. (CVE:LI) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.44 and last traded at C$0.44, with a volume of 61845 shares trading hands. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LI shares. National Bank Financial raised shares of American Lithium to a “strong-buy” rating in a research note on Thursday, June 6th. National Bankshares set a C$1.50 price objective on American Lithium and gave the stock an “outperform” rating in a research report on Thursday, June 6th.

American Lithium Price Performance

The firm has a market cap of C$97.90 million, a price-to-earnings ratio of -2.85 and a beta of 2.22. The company’s fifty day moving average is C$0.62 and its 200 day moving average is C$0.81. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last posted its quarterly earnings data on Monday, July 15th. The company reported C($0.03) EPS for the quarter. On average, equities research analysts predict that American Lithium Corp. will post -0.0691633 EPS for the current year.

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.