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Atlantic Lithium (LON:ALL) Trading 4.7% Higher - Time to Buy?

Atlantic Lithium logo with Basic Materials background

Atlantic Lithium Limited (LON:ALL - Get Free Report) shot up 4.7% during mid-day trading on Friday . The stock traded as high as GBX 11.98 ($0.15) and last traded at GBX 11.98 ($0.15). 384,981 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 798,020 shares. The stock had previously closed at GBX 11.44 ($0.14).

Atlantic Lithium Stock Down 15.6 %

The company's fifty day simple moving average is GBX 13.33 and its 200-day simple moving average is GBX 13.80. 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 firm has a market capitalization of £59.25 million, a PE ratio of -8.85 and a beta of -0.08.

Atlantic Lithium Company Profile

(Get Free Report)

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.

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