American Lithium Corp (NASDAQ: AMLI) Share Price Might Move Down By -42.70%

In the last trading session, 1.28 million shares of the American Lithium Corp (NASDAQ:AMLI) were traded, and its beta was 1.76. Most recently the company’s share price was $0.63, and it changed around $0.05 or 7.93% from the last close, which brings the market valuation of the company to $137.27M. AMLI currently trades at a discount to its 52-week high of $1.29, offering almost -104.76% off that amount. The share price’s 52-week low was $0.32, which indicates that the current value has risen by an impressive 49.21% since then. We note from American Lithium Corp’s average daily trading volume that its 10-day average is 0.41 million shares, with the 3-month average coming to 647.00K.

American Lithium Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended AMLI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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American Lithium Corp (NASDAQ:AMLI) trade information

Instantly AMLI has showed a green trend with a performance of 7.93% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.6753 on recent trading dayincreased the stock’s daily price by 6.71%. The company’s shares are currently down -42.70% year-to-date, but still down -5.93% over the last five days. On the other hand, American Lithium Corp (NASDAQ:AMLI) is -14.24% down in the 30-day period. We can see from the shorts that 1.14 million shares have been sold at a short interest cover period of 1.36 day(s).

American Lithium Corp (AMLI) estimates and forecasts

American Lithium Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.28 percent over the past six months and at a 42.86% annual growth rate that is well above the industry average of 9.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.56%.

AMLI Dividends

American Lithium Corp’s next quarterly earnings report is expected to be released in January.

American Lithium Corp (NASDAQ:AMLI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.56% of American Lithium Corp shares, and 7.76% of them are in the hands of institutional investors. The stock currently has a share float of 8.58%.