American Lithium (OTCMKTS:LIACF) Stock Price Down 1.2% – Should You Sell?

Shares of American Lithium Corp. (OTCMKTS:LIACF) traded down 1.2% during mid-day trading on Wednesday . The company traded as low as $0.4858 and last traded at $0.5146. 343,234 shares were traded during mid-day trading, a decline of 21% from the average session volume of 432,060 shares. The stock had previously closed at $0.5210.

American Lithium Price Performance

The business has a 50-day moving average of $0.55 and a 200 day moving average of $0.48. The company has a market cap of $107.35 million, a PE ratio of -4.68 and a beta of 1.48.

American Lithium Company Profile

American Lithium (OTCMKTS:LIACF) is a Canada-based mineral exploration company focused on the discovery, development and advancement of lithium-rich properties in North and South America. The company’s primary business activities center on identifying high-potential claystone and brine lithium deposits, conducting systematic exploration programs and advancing projects from early-stage exploration toward resource definition and eventual development. American Lithium’s work typically includes geological mapping, drilling, sampling and metallurgical testing to evaluate project economics and viability.

At the core of American Lithium’s portfolio is the TLC project in Clayton Valley, Nevada, where the company holds rights to claystone-hosted lithium mineralization immediately adjacent to a producing lithium mine.