American Lithium (CVE:LI) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Shares of American Lithium Corp. (CVE:LI) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.49 and traded as low as C$0.45. American Lithium shares last traded at C$0.48, with a volume of 129,416 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LI. National Bankshares lowered shares of American Lithium from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$0.80 to C$0.70 in a report on Thursday, January 16th. National Bank Financial lowered shares of American Lithium from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th.

American Lithium Stock Down 4.2 %

The company’s fifty day simple moving average is C$0.49 and its 200-day simple moving average is C$0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45. The firm has a market capitalization of C$103.42 million, a PE ratio of -3.13 and a beta of 2.30.

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.