Atlantic Lithium Limited (OTCMKTS:ALLIF) Sees Large Drop in Short Interest

Atlantic Lithium Limited (OTCMKTS:ALLIF) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 10,754 shares, a decline of 66.4% from the June 30th total of 31,963 shares. Based on an average trading volume of 105,773 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Atlantic Lithium Price Performance

Shares of OTCMKTS:ALLIF opened at $0.20 on Tuesday. The company’s fifty day moving average price is $0.21 and its 200 day moving average price is $0.20. Atlantic Lithium has a 12 month low of $0.07 and a 12 month high of $0.28. The firm has a market capitalization of $149.75 million, a P/E ratio of -10.00 and a beta of -0.05.

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. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.