Shares of American Lithium Corp. (CVE:LI – Get Free Report) dropped 9.3% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 564,837 shares were traded during trading, an increase of 91% from the average daily volume of 295,972 shares. The stock had previously closed at C$0.75.
American Lithium Price Performance
The company has a market capitalization of C$173.57 million, a P/E ratio of -4.53 and a beta of 2.10. The firm has a 50-day moving average price of C$0.73 and a two-hundred day moving average price of C$0.50. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06.
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.
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