The stock of American Lithium Corp (CVE:LI) reached all time low today, Nov, 15 and still has $0.27 target or 13.00% below today’s $0.32 share price. This indicates more downside for the $15.69 million company. This technical setup was reported by Barchart.com. If the $0.27 PT is reached, the company will be worth $2.04 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.16M shares traded hands or 450.76% 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 $15.69 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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