Atlantic Lithium (LON:ALL) Shares Up 12.4% – What’s Next?

Atlantic Lithium Limited (LON:ALL) was up 12.4% during mid-day trading on Tuesday . The company traded as high as GBX 12.94 ($0.16) and last traded at GBX 12.50 ($0.16). Approximately 886,895 shares traded hands during trading, a decline of 18% from the average daily volume of 1,083,801 shares. The stock had previously closed at GBX 11.12 ($0.14).

Atlantic Lithium Trading Up 12.4 %

The company has a market capitalization of £81.21 million, a P/E ratio of -10.97 and a beta of -0.08. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08. The business’s 50-day moving average price is GBX 13.29 and its two-hundred day moving average price is GBX 17.08.

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.