American Lithium (CVE:LI) Downgraded by National Bankshares to “Sector Perform”

American Lithium (CVE:LI) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$0.70 price target on the stock, down from their prior price target of C$0.80. National Bankshares’ price objective suggests a potential upside of 22.81% from the company’s previous close.

American Lithium Stock Performance

CVE LI traded down C$0.01 during trading hours on Thursday, hitting C$0.57. The company had a trading volume of 19,372 shares, compared to its average volume of 241,208. American Lithium has a fifty-two week low of C$0.44 and a fifty-two week high of C$1.51. The firm has a market cap of C$124.01 million, a P/E ratio of -3.35 and a beta of 2.30. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of C$0.77 and a 200-day simple moving average of C$0.74.

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

Insider Buying and Selling

In related news, Director Andrew William Bowering purchased 131,500 shares of American Lithium stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of C$0.60 per share, with a total value of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the firm’s stock in a transaction that occurred 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. Corporate 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.