American Lithium (CVE:LI) Sets New 12-Month Low – Should You Sell?

American Lithium Corp. (CVE:LI) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.41 and last traded at C$0.40, with a volume of 118341 shares. The stock had previously closed at C$0.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LI shares. National Bank Financial downgraded American Lithium from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. National Bankshares downgraded shares of American Lithium from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$0.80 to C$0.70 in a research note on Thursday, January 16th.

American Lithium Stock Performance

The company has a market cap of C$87.68 million, a price-to-earnings ratio of -2.66 and a beta of 2.30. 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 fifty day simple moving average of C$0.46 and a 200 day simple moving average of C$0.69.

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.