Atlantic Lithium (LON:ALL) Stock Price Down 10% – What’s Next?

Atlantic Lithium Limited (LON:ALL)’s stock price dropped 10% during mid-day trading on Wednesday . The stock traded as low as GBX 12.60 ($0.16) and last traded at GBX 12.60 ($0.16). Approximately 1,559,203 shares changed hands during trading, an increase of 43% from the average daily volume of 1,088,172 shares. The stock had previously closed at GBX 14 ($0.18).

Atlantic Lithium Stock Performance

The company has a 50-day moving average of GBX 13.09 and a 200-day moving average of GBX 16.04. The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of £86.93 million, a P/E ratio of -12.23 and a beta of -0.08.

Atlantic Lithium Company Profile

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.