American Lithium (CVE:LI – Free Report) had its price target reduced by National Bank Financial from C$0.60 to C$0.50 in a research note published on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.
American Lithium Stock Down 1.4%
Shares of CVE LI opened at C$0.35 on Monday. American Lithium has a 52-week low of C$0.35 and a 52-week high of C$0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 5.37. The business has a fifty day moving average of C$0.43 and a two-hundred day moving average of C$0.49. The stock has a market cap of C$90.76 million, a PE ratio of -8.88 and a beta of 2.05.
About American Lithium
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.
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