Atlantic Lithium (LON:ALL) Stock Price Down 13.1% – Should You Sell?

Atlantic Lithium Limited (LON:ALL) shares traded down 13.1% during mid-day trading on Tuesday . The stock traded as low as GBX 9.12 ($0.11) and last traded at GBX 9.38 ($0.12). 2,610,457 shares traded hands during mid-day trading, an increase of 176% from the average session volume of 945,515 shares. The stock had previously closed at GBX 10.80 ($0.14).

Atlantic Lithium Stock Performance

The stock has a market capitalization of £69.50 million, a price-to-earnings ratio of -10.39 and a beta of -0.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.08 and a current ratio of 3.58. The firm’s 50 day moving average is GBX 13.29 and its 200-day moving average is GBX 13.74.

Atlantic Lithium Company Profile

Atlantic Lithium (formerly “IronRidge Resources”) is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa’s first lithium producing mine.