What’s in American Lithium Corp After Today’s Huge Decline?


The stock of American Lithium Corp (CVE:LI) is a huge mover today! The stock decreased 13.21% or $0.07 on September 13, hitting $0.46. About 448,622 shares traded hands or 72.73% up from the average. American Lithium Corp (CVE:LI) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $20.53 million company. It was reported on Sep, 13 by Barchart.com. We have $0.41 PT which if reached, will make CVE:LI worth $2.26M less.

American Lithium Corp., formerly Menika Mining Ltd., is an exploration-stage company. The company has a market cap of $20.53 million. The Firm is engaged in the acquisition, exploration and development of lithium deposits throughout the Americas. It has a 5.11 P/E ratio. It holds options to acquire Nevada lithium brine claims totaling over 20,790 acres, including over 18,550 acres in Fish Lake Valley, Esmeralda County, and the 2,240-acre San Emidio Project in Washoe County.

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