Bank of New York Mellon Corp Acquires New Holdings in Atlas Lithium Co. (NASDAQ:ATLX)

Bank of New York Mellon Corp bought a new position in shares of Atlas Lithium Co. (NASDAQ:ATLX) in the fourth quarter, HoldingsChannel reports. The firm bought 50,002 shares of the company’s stock, valued at approximately $317,000.

Separately, Cross Staff Investments Inc increased its position in shares of Atlas Lithium by 45.0% during the fourth quarter. Cross Staff Investments Inc now owns 529,118 shares of the company’s stock worth $3,349,000 after acquiring an additional 164,314 shares in the last quarter. Institutional investors and hedge funds own 18.35% of the company’s stock.

Atlas Lithium Trading Down 7.0 %

Shares of NASDAQ:ATLX opened at $5.30 on Friday. The firm has a market cap of $89.96 million, a price-to-earnings ratio of -1.30 and a beta of -1.12. The company has a quick ratio of 3.45, a current ratio of 3.54 and a debt-to-equity ratio of 0.41. Atlas Lithium Co. has a 12 month low of $4.87 and a 12 month high of $20.00. The company’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $6.98.

Atlas Lithium (NASDAQ:ATLX) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.17). The firm had revenue of $0.12 million during the quarter. As a group, research analysts forecast that Atlas Lithium Co. will post -2.79 EPS for the current fiscal year.

Atlas Lithium Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.