In yesterday’s Wall Street session, American Lithium Corp. (NASDAQ:AMLI) shares traded at $2.44, down -7.58% from the previous session.
As of this writing, 6 analysts cover American Lithium Corp. (NASDAQ:AMLI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $6.81, we find $8.07. Given the previous closing price of $2.64, this indicates a potential upside of 205.68 percent. AMLI stock price is now -18.46% away from the 50-day moving average and 19.36% away from the 200-day moving average. The market capitalization of the company currently stands at $513.36M.
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There are 0 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $8.24 as their price target over the next twelve months.
With the price target of $5, B. Riley Securities recently initiated with Buy rating for American Lithium Corp. (NASDAQ: AMLI)..
A total of 3.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMLI stock. In total, there are 5 active investors with 1.54% ownership of the company’s stock.
Thursday morning saw American Lithium Corp. (NASDAQ: AMLI) opened at $2.6000. During the past 12 months, American Lithium Corp. has had a low of $1.20 and a high of $3.83. The fifty day moving average price for AMLI is $2.9923 and a two-hundred day moving average price translates $2.0442 for the stock.
The latest earnings results from American Lithium Corp. (NASDAQ: AMLI) was released for Nov, 2022. The company reported revenue of $4.89 million for the quarter, compared to $3.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.38 percent.
American Lithium Corp.(AMLI) Company Profile
American Lithium Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Claystones project covering an area of approximately 5,052 hectares located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.
