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Atlantic Lithium (LON:ALL) Trading Up 10.7% - Here's Why

Atlantic Lithium logo with Basic Materials background

Key Points

  • Atlantic Lithium's stock increased by 10.7% during trading on Thursday, reaching a last traded price of GBX 8.58 ($0.12).
  • Trading volume was approximately 400,892 shares, representing a 60% decline from the average daily volume of 1,000,487 shares.
  • The company has a market capitalization of £118.22 million and a price-to-earnings ratio of -8.64, indicating losses.
  • MarketBeat previews top five stocks to own in October.

Atlantic Lithium Limited (LON:ALL - Get Free Report)'s share price traded up 10.7% during trading on Thursday . The stock traded as high as GBX 8.58 ($0.12) and last traded at GBX 8.58 ($0.12). 400,892 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,000,487 shares. The stock had previously closed at GBX 7.75 ($0.10).

Atlantic Lithium Stock Performance

The firm has a fifty day simple moving average of GBX 7.68 and a 200 day simple moving average of GBX 7.75. 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 stock has a market cap of £103.34 million, a price-to-earnings ratio of -7.55 and a beta of -0.08.

About Atlantic Lithium

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