American Lithium (CVE:LI) Trading Up 2%

American Lithium Corp. (CVE:LI) shares were up 2% during trading on Monday . The stock traded as high as C$0.51 and last traded at C$0.51. Approximately 38,749 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 174,496 shares. The stock had previously closed at C$0.50.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LI shares. National Bankshares set a C$1.50 target price on American Lithium and gave the company an “outperform” rating in a research note on Thursday, June 6th. National Bank Financial upgraded American Lithium to a “strong-buy” rating in a research note on Thursday, June 6th.

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 company has a market cap of C$124.01 million, a P/E ratio of -3.47 and a beta of 2.22. The business’s fifty day moving average is C$0.58 and its 200 day moving average is C$0.78.

American Lithium (CVE:LI) last issued its earnings results on Monday, July 15th. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that American Lithium Corp. will post -0.0691633 EPS for the current year.

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.