Atlantic Lithium Limited (OTCMKTS:ALLIF) Short Interest Update

Atlantic Lithium Limited (OTCMKTS:ALLIF) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 10,754 shares, a decrease of 66.4% from the June 30th total of 31,963 shares. Based on an average trading volume of 105,773 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Atlantic Lithium Price Performance

Shares of Atlantic Lithium stock opened at $0.20 on Friday. Atlantic Lithium has a 1 year low of $0.07 and a 1 year high of $0.28. The firm’s 50-day moving average is $0.21 and its two-hundred day moving average is $0.20. The stock has a market cap of $150.12 million, a price-to-earnings ratio of -10.03 and a beta of -0.05.

Atlantic Lithium Company Profile

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. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.