American Lithium Corp (OTCMKTS:LIACF) Stock Gains Momentum: Up 50% in a Month

The lithium exploration space has attracted many investors in recent times due to the considerable rise in demand of lithium and one of the stocks that investors could consider looking into at this point in time is that of American Lithium Corp (OTCMKTS:LIACF).

The stock has been on the radars of investors for several weeks now and over the course of the past month it has managed to clock gains of as much as 50%. Yesterday, the company was in the news against after it made a key announcement. American Lithium announced that a delegation comprising of some of the more important executives in the company’s management had a private meeting with Pedro Castillo, who had been elected as the President of Peru recently.

The delegation included the Chief Executive Officer of the company Simon Clarke, Michael Kobler, the general manager of United States operations and Ulises Solis, the general manager of the company’s operations in Peru. The management got this private audience with Castillo at the 76th session of the United Nations General Assembly that had been hosted in New York. At the meeting, the discussion was related to the current commitment of Peru to its mining industries.

Market Action

On Wednesday, LIACF stock fell 3.88% to close at $1.98 in the previous trading session. Total volume for the session stood at 293K shares traded hands, below its average volume of 529K shares.

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