American Lithium (CVE:LI) Stock Passes Below Fifty Day Moving Average – What’s Next?

American Lithium Corp. (CVE:LI)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.56 and traded as low as C$0.45. American Lithium shares last traded at C$0.45, with a volume of 169,587 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. National Bankshares lowered American Lithium from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock 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 Performance

The firm has a fifty day simple moving average of C$0.56 and a 200-day simple moving average of C$0.71. The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock has a market cap of C$100.04 million, a price-to-earnings ratio of -3.03 and a beta of 2.30.

Insider Activity

In other news, Director Andrew William Bowering acquired 131,500 shares of American Lithium stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of C$0.60 per share, with a total value of C$78,742.20. 9.58% of the stock is currently owned by company insiders.

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.