Atlantic Lithium (LON:ALL) Stock Price Up 10.3% - Here's Why

Key Points

• Atlantic Lithium's stock price surged by 10.3%, reaching a high of GBX 9.92 ($0.13), as trading volume increased significantly by 527% from average levels.
• Analyst ratings remain positive, with Canaccord Genuity maintaining a "speculative buy" rating and a price target of GBX 34.
• The company's market capitalization stands at £63.63 million, and it exhibits financial indicators such as a debt-to-equity ratio of 1.72 and a current ratio of 3.58.

Atlantic Lithium Limited (LON:ALL - Get Free Report) shares traded up 10.3% during mid-day trading on Friday . The stock traded as high as GBX 9.92 ($0.13) and last traded at GBX 9.48 ($0.13). 6,861,022 shares changed hands during mid-day trading, an increase of 527% from the average session volume of 1,094,568 shares. The stock had previously closed at GBX 8.60 ($0.11).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 34 price objective on shares of Atlantic Lithium in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 34.

Atlantic Lithium Stock Performance

The stock's 50-day moving average price is GBX 8.48 and its 200-day moving average price is GBX 7.70. The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72. The company has a market capitalization of £63.63 million, a P/E ratio of -9.24 and a beta of -0.08.

About Atlantic Lithium

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