Atlantic Lithium (LON:ALL) Stock Price Down 7.7% – Here’s What Happened

Atlantic Lithium Limited (LON:ALL) fell 7.7% during mid-day trading on Wednesday . The company traded as low as GBX 10.10 and last traded at GBX 10.25. 1,013,284 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 1,235,317 shares. The stock had previously closed at GBX 11.10.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 34 target price on shares of Atlantic Lithium in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Atlantic Lithium currently has an average rating of “Buy” and an average price target of GBX 34.

Atlantic Lithium Stock Performance

The stock’s 50-day moving average price is GBX 9.29 and its 200 day moving average price is GBX 8.21. The company has a quick ratio of 6.08, a current ratio of 3.58 and a debt-to-equity ratio of 1.72. The company has a market cap of £78.46 million, a P/E ratio of -11.01 and a beta of -0.08.

Atlantic Lithium Company Profile