American Lithium (CVE:LI) Stock Price Target Lowered at National Bank Financial

American Lithium (CVE:LI) had its price target cut by National Bank Financial from C$0.60 to C$0.50 in a research note issued to investors on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 35.14% from the stock’s current price.

American Lithium Price Performance

Shares of LI traded down C$0.01 during trading hours on Monday, reaching C$0.37. 52,344 shares of the company traded hands, compared to its average volume of 206,377. The stock has a market capitalization of C$94.60 million, a PE ratio of -9.25 and a beta of 2.05. The company has a quick ratio of 1.45, a current ratio of 5.37 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of C$0.43 and a 200 day simple moving average of C$0.49. American Lithium has a fifty-two week low of C$0.36 and a fifty-two week high of C$0.98.

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.