American Lithium (CVE:LI) Cut to “Sector Perform” at National Bankshares

National Bankshares cut shares of American Lithium (CVE:LI) from an outperform rating to a sector perform rating in a report published on Thursday,BayStreet.CA reports. The firm currently has C$0.70 target price on the stock, down from their prior target price of C$0.80.

American Lithium Stock Performance

American Lithium stock opened at C$0.59 on Thursday. The firm’s fifty day moving average price is C$0.74 and its 200 day moving average price is C$0.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.35 and a quick ratio of 1.45. The company has a market capitalization of C$128.36 million, a price-to-earnings ratio of -3.47 and a beta of 2.30. American Lithium has a 12-month low of C$0.44 and a 12-month high of C$1.50.

American Lithium (CVE:LI) last announced its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share for the quarter. On average, research analysts forecast that American Lithium will post -0.0691633 EPS for the current fiscal year.

Insider Activity

In other American Lithium news, Director Andrew William Bowering purchased 131,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of C$0.60 per share, for a total transaction of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$1.01, for a total value of C$101,000.00. 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.