American Lithium (OTCMKTS:AMLIF) Announces Earnings Results

American Lithium (OTCMKTS:AMLIFGet Free Report) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

American Lithium Stock Performance

Shares of AMLIF traded down $0.02 during trading hours on Friday, hitting $0.59. 51,829 shares of the company were exchanged, compared to its average volume of 259,893. American Lithium has a fifty-two week low of $0.21 and a fifty-two week high of $0.91. The firm has a market cap of $150.02 million, a P/E ratio of -14.69 and a beta of 1.56.

American Lithium Company Profile

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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.

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