American Lithium (CVE:LI) Shares Up 1.9% – Should You Buy?

American Lithium Corp. (CVE:LI)’s stock price was up 1.9% on Wednesday . The stock traded as high as C$0.57 and last traded at C$0.55. Approximately 168,368 shares changed hands during trading, a decline of 21% from the average daily volume of 214,392 shares. The stock had previously closed at C$0.54.

American Lithium Stock Up 1.9 %

The business has a fifty day moving average price of C$0.85 and a two-hundred day moving average price of C$0.75. The company has a current ratio of 5.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.07. The company has a market cap of C$119.66 million, a price-to-earnings ratio of -3.24 and a beta of 2.30.

American Lithium (CVE:LI) last released its quarterly earnings data on Wednesday, October 16th. The company reported C($0.03) earnings per share for the quarter. On average, equities analysts predict that American Lithium Corp. will post -0.0691633 earnings per share for the current year.

Insider Buying and Selling

In other news, Director George Binninger sold 100,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$1.01, for a total transaction of C$101,000.00. Also, Director Andrew William Bowering sold 50,000 shares of American Lithium stock in a transaction on Thursday, October 10th. The shares were sold at an average price of C$1.11, for a total transaction of C$55,500.00. 9.58% of the stock is owned by corporate insiders.

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.