American Lithium (CVE:LI) Shares Up 6.5% – Here’s What Happened

American Lithium Corp. (CVE:LI)’s stock price traded up 6.5% during trading on Thursday . The company traded as high as C$1.16 and last traded at C$1.15. 60,772 shares were traded during mid-day trading, a decline of 68% from the average session volume of 192,495 shares. The stock had previously closed at C$1.08.

American Lithium Price Performance

The company has a current ratio of 5.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is C$0.67 and its 200-day moving average price is C$0.77. The stock has a market capitalization of C$241.49 million, a PE ratio of -6.53 and a beta of 2.30.

American Lithium (CVE:LI) last announced its earnings results on Wednesday, October 16th. The company reported C($0.03) EPS for the quarter. On average, equities analysts forecast that American Lithium Corp. will post -0.0691633 EPS for the current fiscal year.

Insider Activity at American Lithium

In other news, Director Andrew William Bowering sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of C$1.11, for a total transaction of C$55,500.00. In the last ninety days, insiders have sold 110,000 shares of company stock worth $85,500. Insiders own 9.58% of the company’s stock.

American Lithium Company Profile

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.