Shares of Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) traded down 2.4% during trading on Tuesday . The stock traded as low as $5.15 and last traded at $5.23. 346,132 shares traded hands during mid-day trading, an increase of 182% from the average session volume of 122,790 shares. The stock had previously closed at $5.36.
Atlas Lithium Stock Performance
The company has a market capitalization of $80.63 million, a price-to-earnings ratio of -1.28 and a beta of -1.37. The company has a current ratio of 3.54, a quick ratio of 3.45 and a debt-to-equity ratio of 0.41. The stock's fifty day simple moving average is $6.26 and its 200-day simple moving average is $7.60.
Institutional Investors Weigh In On Atlas Lithium
A number of hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. lifted its holdings in Atlas Lithium by 3.1% during the 4th quarter. Polar Asset Management Partners Inc. now owns 111,476 shares of the company's stock worth $706,000 after buying an additional 3,316 shares in the last quarter. Millennium Management LLC acquired a new stake in Atlas Lithium during the 4th quarter worth approximately $64,000. Invesco Ltd. lifted its holdings in Atlas Lithium by 19.7% during the 4th quarter. Invesco Ltd. now owns 226,683 shares of the company's stock worth $1,435,000 after buying an additional 37,294 shares in the last quarter. Perritt Capital Management Inc acquired a new stake in Atlas Lithium during the 4th quarter worth approximately $63,000. Finally, Bank of New York Mellon Corp acquired a new stake in Atlas Lithium during the 4th quarter worth approximately $317,000. 18.35% of the stock is currently owned by institutional investors and hedge funds.
Atlas Lithium Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Atlas Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlas Lithium wasn't on the list.
While Atlas Lithium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
