American Lithium (CVE:LI) Price Target Lowered to C$0.70 at National Bank Financial

American Lithium (CVE:LI) had its price objective cut by National Bank Financial from C$0.95 to C$0.70 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

American Lithium Trading Up 4.9%

Shares of CVE LI opened at C$0.64 on Friday. American Lithium has a fifty-two week low of C$0.30 and a fifty-two week high of C$1.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 6.66. The company has a market cap of C$163.63 million, a price-to-earnings ratio of -5.33 and a beta of 1.76. The business’s 50 day moving average price is C$0.63 and its 200-day moving average price is C$0.71.

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.