American Lithium (CVE:LI) Rating Lowered to Hold at National Bank Financial

American Lithium (CVE:LI) was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, National Bankshares downgraded shares of American Lithium from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$0.80 to C$0.70 in a report on Thursday.

American Lithium Price Performance

CVE LI opened at C$0.56 on Wednesday. American Lithium has a 1 year low of C$0.44 and a 1 year high of C$1.50. The company has a fifty day simple moving average of C$0.76 and a 200 day simple 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. The company has a market cap of C$121.83 million, a P/E ratio of -3.29 and a beta of 2.30.

American Lithium (CVE:LI) last released its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that American Lithium will post -0.0691633 EPS for the current year.

Insiders Place Their Bets

In related news, Director Andrew William Bowering purchased 131,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of C$0.60 per share, for a total transaction of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$1.01, for a total value of C$101,000.00. Corporate insiders own 9.58% of the company’s stock.

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.