Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) shares dropped 2.7% during trading on Monday . The stock traded as low as $6.40 and last traded at $6.49. Approximately 166,780 shares traded hands during trading, an increase of 76% from the average daily volume of 94,733 shares. The stock had previously closed at $6.67.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $19.00 target price on shares of Atlas Lithium in a report on Tuesday, October 29th.
View Our Latest Analysis on ATLX
Atlas Lithium Trading Down 2.5 %
The company has a fifty day moving average of $7.75 and a two-hundred day moving average of $8.98. The company has a quick ratio of 3.45, a current ratio of 3.54 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $97.58 million, a price-to-earnings ratio of -1.55 and a beta of -1.69.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.04). The business had revenue of $0.17 million for the quarter. On average, research analysts expect that Atlas Lithium Co. will post -2.79 EPS for the current year.
Institutional Investors Weigh In On Atlas Lithium
An institutional investor recently raised its position in Atlas Lithium stock. Cross Staff Investments Inc increased its holdings in shares of Atlas Lithium Co. (NASDAQ:ATLX - Free Report) by 71.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 364,804 shares of the company's stock after acquiring an additional 152,342 shares during the period. Atlas Lithium makes up approximately 1.9% of Cross Staff Investments Inc's portfolio, making the stock its 9th biggest holding. Cross Staff Investments Inc owned 2.46% of Atlas Lithium worth $2,481,000 as of its most recent SEC filing. 18.35% of the stock is owned by institutional investors and hedge funds.
About Atlas Lithium
(
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.
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