American Lithium (CVE:LI) Trading Down 33% – Time to Sell?

American Lithium Corp. (CVE:LI) shares traded down 33% on Wednesday . The stock traded as low as C$0.57 and last traded at C$0.59. 507,443 shares traded hands during trading, an increase of 161% from the average session volume of 194,703 shares. The stock had previously closed at C$0.88.

American Lithium Price Performance

The stock has a market capitalization of C$130.54 million, a P/E ratio of -3.53 and a beta of 2.30. The business’s 50 day simple moving average is C$0.99 and its two-hundred day simple moving average is C$0.79. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last released its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that American Lithium Corp. will post -0.0691633 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew William Bowering acquired 131,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of C$0.60 per share, for a total transaction of C$78,742.20. Also, Director George Binninger sold 100,000 shares of American Lithium stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$1.01, for a total transaction of C$101,000.00. Over the last quarter, insiders have sold 210,000 shares of company stock valued at $186,500. Insiders own 9.58% of the company’s stock.

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.