American Lithium Corp. (CVE:LI – Get Free Report)’s stock price shot up 3.8% during mid-day trading on Thursday. The stock traded as high as C$0.41 and last traded at C$0.41. 61,309 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 208,288 shares. The stock had previously closed at C$0.40.
American Lithium Stock Performance
The company has a market capitalization of C$104.82 million, a price-to-earnings ratio of -10.25 and a beta of 2.05. The stock has a 50-day moving average price of C$0.43 and a 200-day moving average price of C$0.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.37 and a quick ratio of 1.45.
About American Lithium
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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.
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