Atlantic Lithium (OTC:ALLIF) Shares Down 8.8% – What’s Next?

Atlantic Lithium Limited (OTC:ALLIFGet Free Report) shares were down 8.8% during mid-day trading on Monday . The company traded as low as $0.20 and last traded at $0.23. Approximately 6,000 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 23,205 shares. The stock had previously closed at $0.25.

Atlantic Lithium Price Performance

The firm has a market cap of $47.29 million, a PE ratio of -4.60 and a beta of -0.42. The firm has a 50-day simple moving average of $0.19 and a 200 day simple moving average of $0.24.

About Atlantic Lithium

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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.

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