American Lithium (NASDAQ:AMLI) Trading 2.6% Higher

American Lithium Corp. (NASDAQ:AMLI)’s share price was up 2.6% on Tuesday . The stock traded as high as $0.44 and last traded at $0.42. Approximately 568,608 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 343,996 shares. The stock had previously closed at $0.41.

Wall Street Analyst Weigh In

AMLI has been the topic of several recent analyst reports. National Bank Financial upgraded American Lithium to a “strong-buy” rating in a research note on Wednesday, June 5th. Roth Mkm cut their target price on American Lithium from $5.50 to $3.25 and set a “buy” rating on the stock in a research note on Friday, June 28th.

American Lithium Trading Up 2.6 %

The firm has a 50 day simple moving average of $0.42 and a 200 day simple moving average of $0.56. The firm has a market capitalization of $91.72 million, a PE ratio of -3.01 and a beta of 1.49.

American Lithium (NASDAQ:AMLI) last issued its earnings results on Monday, July 15th. The company reported ($0.02) EPS for the quarter. Research analysts forecast that American Lithium Corp. will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On American Lithium

An institutional investor recently bought a new position in American Lithium stock. Clarity Capital Partners LLC purchased a new stake in shares of American Lithium Corp. (NASDAQ:AMLI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 144,726 shares of the company’s stock, valued at approximately $159,000. Clarity Capital Partners LLC owned 0.07% of American Lithium at the end of the most recent reporting period. Institutional investors and hedge funds own 7.70% 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 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.