Atlas Lithium (NASDAQ:ATLX) Issues Quarterly Earnings Results

Atlas Lithium (NASDAQ:ATLX) issued its quarterly earnings results on Friday. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.17), Zacks reports. The business had revenue of $0.12 million for the quarter.

Atlas Lithium Price Performance

ATLX stock opened at $5.45 on Friday. Atlas Lithium has a one year low of $4.87 and a one year high of $20.00. The company’s fifty day moving average price is $6.00 and its 200-day moving average price is $7.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.45 and a current ratio of 3.54. The company has a market capitalization of $84.02 million, a PE ratio of -1.33 and a beta of -1.11.

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.