Andrew William Bowering Buys 150,000 Shares of American Lithium Corp. (CVE:LI) Stock

American Lithium Corp. (CVE:LI) Director Andrew William Bowering bought 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of C$0.71 per share, with a total value of C$106,500.00.

American Lithium Price Performance

CVE LI traded down C$0.02 on Friday, hitting C$0.72. The company had a trading volume of 155,518 shares, compared to its average volume of 242,684. American Lithium Corp. has a 12-month low of C$0.64 and a 12-month high of C$3.09. The company has a market capitalization of C$154.56 million, a PE ratio of -3.60 and a beta of 2.29. The company’s fifty day moving average price is C$0.94 and its 200-day moving average price is C$1.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.73 and a quick ratio of 1.45.

Wall Street Analyst Weigh In

Separately, Eight Capital decreased their target price on shares of American Lithium from C$8.40 to C$5.00 and set a “buy” rating for the company in a research note on Thursday, January 11th.

American Lithium Company Profile

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on 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.