Atlantic Lithium (LON:ALL) Shares Up 0.3% – Still a Buy?

Atlantic Lithium Limited (LON:ALL) shares traded up 0.3% during mid-day trading on Thursday . The stock traded as high as GBX 16.70 and last traded at GBX 16.40. 3,335,523 shares were traded during mid-day trading, an increase of 7% from the average session volume of 3,121,244 shares. The stock had previously closed at GBX 16.35.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 price objective on shares of Atlantic Lithium in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 37.

Atlantic Lithium Price Performance

The company has a market cap of £131.45 million, a price-to-earnings ratio of -16.40 and a beta of 0.31. The business has a 50 day simple moving average of GBX 15.64 and a 200 day simple moving average of GBX 13.17.

About Atlantic Lithium