Shares of American Lithium Corp. (CVE:LI) last traded at 0.35, representing a move of 4.48%, or 0.015 per share, on volume of 29,143 shares. After opening the trading day at 0.35, shares of American Lithium Corp. traded in a close range. American Lithium Corp. currently has a total float of 61.03 million shares and on average sees 156,122 shares exchange hands each day. The stock now has a 52-week low of 0.22 and high of 0.74.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. American Lithium Corp. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As American Lithium Corp. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect American Lithium Corp..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More notable recent American Lithium Corp. (CVE:LI) news were published by: Wsj.com which released: “NYPD Analyst Hunted al Qaeda Recruiter for Years. Now They’re a Team. – The Wall Street Journal” on April 27, 2018, also Midasletter.com with their article: “VIDEO: WELL Health Technologies Corp (CVE:WELL) Digitizing Canadian Health Information – Midas Letter” published on November 15, 2018, Profitconfidential.com published: “Lithium Mining: Here’s the List of Major Lithium Mining Companies in the World – Profit Confidential” on August 18, 2016. More interesting news about American Lithium Corp. (CVE:LI) were released by: Forbes.com and their article: “IoT Security And Reducing Business Interruption – Forbes” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Lithium Junior Miner News For The Month Of December 2018 – Seeking Alpha” with publication date: December 26, 2018.

American Lithium Corp., an exploration stage company, engages in the identification, acquisition, exploration for, and development of lithium deposits in the Americas. The company has market cap of $21.36 million. It holds options to acquire lithium brine claims totaling 20,790 acres, including 18,552 acres in Fish Lake Valley, Esmeralda County, and the 2,240 acre San Emidio Project in Washoe County in Nevada. It currently has negative earnings. The firm was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016.