Could American Lithium Corp Go Up After Reaching 52-Week Low?

 Could American Lithium Corp Go Up After Reaching 52 Week Low?

The stock of American Lithium Corp (CVE:LI) hit a new 52-week low and has $0.28 target or 12.00% below today’s $0.32 share price. The 5 months bearish chart indicates high risk for the $15.94M company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $0.28 price target is reached, the company will be worth $1.91 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.15 million shares traded hands or 446.01% up from the average. American Lithium Corp (CVE:LI) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

More notable recent American Lithium Corp (CVE:LI) news were published by: Prnewswire.com which released: “Nevada Energy Metals Announces Update: American Lithium Corp Joint Venture in …” on July 19, 2016, also Prnewswire.com with their article: “American Lithium Announces the Appointment of Internationally-recognized …” published on June 13, 2016, Prnewswire.com published: “American Lithium Retains Dr. John S. Oldow to Provide Technical Consulting …” on June 07, 2016. More interesting news about American Lithium Corp (CVE:LI) were released by: Prnewswire.com and their article: “American Lithium Acquires Clayton Valley-1 Lithium Brine Property, Esmeralda …” published on July 05, 2016 as well as Prnewswire.com‘s news article titled: “American Lithium Closes Acquisition of Atlantis Lithium Claims in Fish Lake …” with publication date: May 17, 2016.

American Lithium Corp., formerly Menika Mining Ltd., is an exploration-stage company. The company has a market cap of $15.94 million. The Firm is engaged in the acquisition, exploration and development of lithium deposits throughout the Americas. It currently has negative earnings. 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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