American Lithium Corp (CVE:LI) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19, with a volume of 13500 shares. The stock had previously closed at C$0.20.
Separately, Eight Capital downgraded Frontera Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$21.00 to C$14.50 in a research report on Tuesday, April 2nd.
The company has a market cap of $11.81 million and a P/E ratio of -0.57. The company has a 50-day moving average price of C$0.24.
About American Lithium (CVE:LI)
American Lithium Corp., an exploration stage company, engages in the identification, acquisition, exploration for, and development of lithium deposits in the Americas. The company holds a 100% interest in the Fish Lake Valley project covering an area of 7,840 acres located in Esmeralda County, Nevada; and holds an option to acquire the San Emidio Project covering an area of 2,240 acres located in Washoe County in Nevada.
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