Atlantic Lithium (LON:ALL) Trading Up 12.7% – Time to Buy?

Atlantic Lithium Limited (LON:ALL)’s share price traded up 12.7% during mid-day trading on Friday . The company traded as high as GBX 18.10 ($0.23) and last traded at GBX 17.70 ($0.22). 3,890,205 shares traded hands during mid-day trading, an increase of 247% from the average session volume of 1,119,534 shares. The stock had previously closed at GBX 15.71 ($0.20).

Atlantic Lithium Stock Performance

The stock has a market cap of £114.99 million, a P/E ratio of -17.18 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 12.67 and its 200 day moving average is GBX 15.26.

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.