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

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

American Lithium Trading Down 1.7 %

CVE LI opened at C$0.57 on Thursday. The stock has a 50-day moving average of C$0.76 and a 200-day moving average of C$0.74. The company has a current ratio of 5.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.07. American Lithium has a 1-year low of C$0.44 and a 1-year high of C$1.51. The firm has a market cap of C$124.01 million, a PE ratio of -3.35 and a beta of 2.30.

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

Insiders Place Their Bets

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