Atlantic Lithium (LON:ALL) Shares Down 2.5%

Atlantic Lithium Limited (LON:ALL)’s share price traded down 2.5% during trading on Wednesday . The stock traded as low as GBX 21.30 ($0.27) and last traded at GBX 21.30 ($0.27). 182,176 shares were traded during trading, a decline of 82% from the average session volume of 999,636 shares. The stock had previously closed at GBX 21.85 ($0.28).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 75 ($0.95) price objective on shares of Atlantic Lithium in a report on Wednesday, January 24th.

Atlantic Lithium Price Performance

The company has a market capitalization of £138.38 million, a PE ratio of -2,130.00 and a beta of -0.05. The company has a debt-to-equity ratio of 2.02, a quick ratio of 6.08 and a current ratio of 4.37. The stock has a 50 day moving average price of GBX 20.14 and a two-hundred day moving average price of GBX 21.52.

Insider Buying and Selling

In related news, insider Neil Lindsey Herbert acquired 133,000 shares of the stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of GBX 19 ($0.24) per share, with a total value of £25,270 ($32,117.44). 40.96% of the stock is currently owned by corporate insiders.

About Atlantic Lithium

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire.