Atlantic Lithium (LON:ALL) Shares Down 13.1% – What’s Next?

Atlantic Lithium Limited (LON:ALL) was down 13.1% on Tuesday . The company traded as low as GBX 9.12 ($0.11) and last traded at GBX 9.38 ($0.12). Approximately 2,610,457 shares were traded during mid-day trading, an increase of 176% from the average daily volume of 945,515 shares. The stock had previously closed at GBX 10.80 ($0.13).

Atlantic Lithium Stock Down 13.1 %

The company has a market cap of £60.94 million, a PE ratio of -9.11 and a beta of -0.08. The business has a 50-day simple moving average of GBX 13.40 and a 200-day simple moving average of GBX 13.87. The company has a quick ratio of 6.08, a current ratio of 3.58 and a debt-to-equity ratio of 1.72.

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.