American Lithium (OTCMKTS:AMLIF) Issues Quarterly Earnings Results

American Lithium (OTCMKTS:AMLIF) posted its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, Zacks reports.

American Lithium Trading Up 0.7%

Shares of OTCMKTS:AMLIF traded up $0.00 during midday trading on Wednesday, reaching $0.31. 73,814 shares of the company’s stock were exchanged, compared to its average volume of 132,606. American Lithium has a fifty-two week low of $0.26 and a fifty-two week high of $0.91. The company has a market capitalization of $80.12 million, a PE ratio of -31.34 and a beta of 1.77. The stock has a 50 day moving average price of $0.35.

American Lithium Company Profile

American Lithium (OTCMKTS: AMLIF) is a publicly traded mineral exploration and development company focused on the discovery and advancement of lithium resources. The company’s core activities include exploration and drilling to define mineral resources, metallurgical test work to assess recoverability, and engineering and environmental studies aimed at advancing projects through permitting and toward potential production. American Lithium positions itself as a supplier to the battery materials supply chain, targeting demand from electric vehicle manufacturers and energy storage markets.

As an early- to mid-stage lithium developer, the company pursues project advancement through technical studies, stakeholder engagement and partnerships that can provide capital or operational expertise.