Atlantic Lithium (LON:ALL) Reaches New 1-Year Low – Should You Sell?

Atlantic Lithium Limited (LON:ALL) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 9.86 ($0.12) and last traded at GBX 10.98 ($0.14), with a volume of 1799678 shares traded. The stock had previously closed at GBX 11.98 ($0.15).

Atlantic Lithium Trading Up 13.8 %

The business has a fifty day moving average of GBX 13.33 and a 200-day moving average of GBX 13.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.08 and a current ratio of 3.58. The company has a market capitalization of £72.63 million, a P/E ratio of -10.85 and a beta of -0.08.

Atlantic Lithium Company Profile

Atlantic Lithium (formerly “IronRidge Resources”) is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa’s first lithium producing mine.