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Atlantic Lithium (LON:ALL) Shares Up 12.7% - Still a Buy?

Atlantic Lithium logo with Basic Materials background

Shares of Atlantic Lithium Limited (LON:ALL - Get Free Report) shot 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 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 Up 12.7 %

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 £114.99 million, a P/E ratio of -17.18 and a beta of -0.08. The business has a 50 day moving average price of GBX 12.62 and a 200 day moving average price of GBX 15.25.

Atlantic Lithium Company Profile

(Get Free Report)

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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