American Lithium (OTCMKTS:AMLIF) Releases Quarterly Earnings Results

American Lithium (OTCMKTS:AMLIF) issued its quarterly earnings results on Friday. The company reported ($0.01) EPS for the quarter, Zacks reports.

American Lithium Stock Down 1.2%

OTCMKTS AMLIF traded down $0.00 during trading hours on Friday, hitting $0.32. 21,292 shares of the company traded hands, compared to its average volume of 145,275. The stock has a market cap of $81.17 million, a PE ratio of -10.58 and a beta of 1.74. American Lithium has a twelve month low of $0.24 and a twelve month high of $0.91. The stock has a 50-day simple moving average of $0.40.

About American Lithium

American Lithium (OTCMKTS: AMLIF) is a publicly traded mineral exploration and development company focused on the discovery and advancement of lithium resources. The company’s core activities include exploration and drilling to define mineral resources, metallurgical test work to assess recoverability, and engineering and environmental studies aimed at advancing projects through permitting and toward potential production. American Lithium positions itself as a supplier to the battery materials supply chain, targeting demand from electric vehicle manufacturers and energy storage markets.

As an early- to mid-stage lithium developer, the company pursues project advancement through technical studies, stakeholder engagement and partnerships that can provide capital or operational expertise.