Atlantic Lithium (LON:ALL) Shares Down 18.6% – What’s Next?

Atlantic Lithium Limited (LON:ALL)’s share price traded down 18.6% on Monday . The company traded as low as GBX 14 and last traded at GBX 14.25. Approximately 21,877,748 shares traded hands during mid-day trading, an increase of 655% from the average daily volume of 2,898,030 shares. The stock had previously closed at GBX 17.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 price target on shares of Atlantic Lithium in a report on Thursday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Atlantic Lithium currently has an average rating of “Buy” and an average target price of GBX 37.

Atlantic Lithium Stock Performance

The company has a market cap of £110.74 million, a PE ratio of -14.79 and a beta of 0.10. The company has a fifty day moving average of GBX 14.92 and a two-hundred day moving average of GBX 11.31.

Atlantic Lithium Company Profile