Atlantic Lithium (LON:ALL) Shares Down 0.2% - Here's Why

Key Points

• Atlantic Lithium's shares experienced a slight decline of 0.2%, trading between GBX 8.80 and GBX 9.09 on Wednesday.
• Analysts at Canaccord Genuity Group reaffirmed a "speculative buy" rating with a target price of GBX 34, indicating a more positive outlook compared to the current share price.
• The company's financial metrics show a debt-to-equity ratio of 1.72 and a market cap of £62.87 million, reflecting its current market standing and financial health.

Shares of Atlantic Lithium Limited (LON:ALL - Get Free Report) were down 0.2% on Wednesday . The company traded as low as GBX 8.80 ($0.12) and last traded at GBX 9.07 ($0.12). Approximately 1,156,961 shares traded hands during trading, an increase of 8% from the average daily volume of 1,067,423 shares. The stock had previously closed at GBX 9.09 ($0.12).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 34 price objective on shares of Atlantic Lithium in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 34.

Atlantic Lithium Price Performance

The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08. The stock has a market cap of £62.87 million, a price-to-earnings ratio of -9.13 and a beta of -0.08. The stock has a fifty day moving average of GBX 8.44 and a 200 day moving average of GBX 7.71.

Atlantic Lithium Company Profile

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