Atlantic Lithium (LON:ALL) Trading 15.9% Higher – Time to Buy?

Shares of Atlantic Lithium Limited (LON:ALL) traded up 15.9% during mid-day trading on Monday . The company traded as high as GBX 14.50 ($0.19) and last traded at GBX 14.37 ($0.18). 1,470,172 shares were traded during trading, an increase of 36% from the average session volume of 1,077,763 shares. The stock had previously closed at GBX 12.40 ($0.16).

Atlantic Lithium Price Performance

The firm has a market cap of £86.93 million, a P/E ratio of -12.99 and a beta of -0.08. The business’s fifty day simple moving average is GBX 13.09 and its 200-day simple moving average is GBX 16.04. The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72.

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.