Atlantic Lithium (LON:ALL) Stock Price Down 1.8%

Shares of Atlantic Lithium Limited (LON:ALL – Get Rating) were down 1.8% on Tuesday . The company traded as low as GBX 55 ($0.69) and last traded at GBX 55 ($0.69). Approximately 978,945 shares changed hands during trading, a decline of 69% from the average daily volume of 3,174,340 shares. The stock had previously closed at GBX 56 ($0.70).

A number of analysts have weighed in on ALL shares. Liberum Capital reissued a “buy” rating and set a GBX 46 ($0.57) price objective on shares of Atlantic Lithium in a report on Thursday, January 20th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 60 ($0.75) target price on shares of Atlantic Lithium in a report on Monday, March 21st.

The stock has a market capitalization of £311.44 million and a P/E ratio of -92.33. The stock’s 50 day simple moving average is GBX 49.28.

In other Atlantic Lithium news, insider Lennard Alexander Kolff Van Oosterwijk sold 600,000 shares of the business’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of GBX 57 ($0.71), for a total value of £342,000 ($427,232.98).

Atlantic Lithium Company Profile (LON:ALL)

Atlantic Lithium Limited explores for and develops 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 also holds interest in a lithium property covering an area of 1,172 square kilometers in Côte d'Ivoire.

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