American Lithium (CVE:LI) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

American Lithium Corp. (CVE:LI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.66 and traded as high as C$0.72. American Lithium shares last traded at C$0.70, with a volume of 581,461 shares traded.

American Lithium Stock Down 1.4%

The business’s 50 day moving average is C$0.76 and its 200 day moving average is C$0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 4.22. The stock has a market cap of C$178.97 million, a price-to-earnings ratio of -5.83 and a beta of 2.61.

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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.