Cross Staff Investments Inc Raises Stake in Atlas Lithium Co. (NASDAQ:ATLX)

Cross Staff Investments Inc grew its position in Atlas Lithium Co. (NASDAQ:ATLX - Free Report) by 71.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,804 shares of the company's stock after acquiring an additional 152,342 shares during the quarter. Atlas Lithium accounts for 1.9% of Cross Staff Investments Inc's portfolio, making the stock its 9th biggest holding. Cross Staff Investments Inc owned approximately 2.46% of Atlas Lithium worth $2,481,000 at the end of the most recent quarter.

Atlas Lithium Trading Down 1.3 %

Shares of Atlas Lithium stock traded down $0.11 during trading on Friday, hitting $8.22. The stock had a trading volume of 112,094 shares, compared to its average volume of 89,310. The stock has a market cap of $121.67 million, a PE ratio of -1.75 and a beta of -0.80. Atlas Lithium Co. has a 12 month low of $6.25 and a 12 month high of $34.00. The firm's fifty day simple moving average is $8.60 and its 200-day simple moving average is $11.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.18 and a quick ratio of 6.15.

Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.15). The business had revenue of $0.18 million during the quarter. As a group, sell-side analysts expect that Atlas Lithium Co. will post -2.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on ATLX shares. HC Wainwright reiterated a "buy" rating and issued a $19.00 price target (down previously from $41.00) on shares of Atlas Lithium in a research report on Thursday, October 3rd. Roth Mkm dropped their target price on Atlas Lithium from $36.00 to $25.50 and set a "buy" rating for the company in a report on Friday, July 26th.

Atlas Lithium Company Profile

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.