Atlantic Lithium (LON:ALL) Trading 2.3% Higher

Atlantic Lithium Limited (LON:ALL)’s stock price traded up 2.3% during mid-day trading on Tuesday . The stock traded as high as GBX 22 ($0.28) and last traded at GBX 22 ($0.28). 803,698 shares were traded during trading, a decline of 22% from the average session volume of 1,031,876 shares. The stock had previously closed at GBX 21.50 ($0.27).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 75 ($0.94) target price on shares of Atlantic Lithium in a research report on Wednesday, January 24th.

Atlantic Lithium Stock Performance

The business has a fifty day simple moving average of GBX 19.50 and a two-hundred day simple moving average of GBX 21.68. The company has a debt-to-equity ratio of 2.02, a current ratio of 4.37 and a quick ratio of 6.08. The company has a market cap of £142.93 million, a PE ratio of -2,200.00 and a beta of -0.03.

Insider Activity

In other news, insider Neil Lindsey Herbert bought 133,000 shares of Atlantic Lithium stock in a transaction that occurred on Friday, April 5th. The stock was bought at an average price of GBX 19 ($0.24) per share, for a total transaction of £25,270 ($31,742.24). Company insiders own 40.96% of the company’s stock.

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.