Free Trial

Atlantic Lithium's (ALL) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Atlantic Lithium logo with Basic Materials background

Key Points

  • Canaccord Genuity Group has reaffirmed a "speculative buy" rating for Atlantic Lithium, setting a price target of GBX 34, indicating potential upside of 265.00%.
  • The company's shares opened at GBX 9.32 and have fluctuated between a low of GBX 5.32 and a high of GBX 19.50 over the past twelve months.
  • Atlantic Lithium has a market cap of £64.57 million and a PE ratio of -9.38, suggesting it is operating at a loss.
  • Interested in Atlantic Lithium? Here are five stocks we like better.

Atlantic Lithium (LON:ALL - Get Free Report)'s stock had its "speculative buy" rating restated by investment analysts at Canaccord Genuity Group in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 34 price target on the stock. Canaccord Genuity Group's target price points to a potential upside of 248.72% from the stock's current price.

Atlantic Lithium Price Performance

ALL traded up GBX 0.65 on Wednesday, reaching GBX 9.75. The stock had a trading volume of 901,428 shares, compared to its average volume of 1,012,367. The firm has a 50-day moving average of GBX 7.84 and a 200-day moving average of GBX 7.67. Atlantic Lithium has a fifty-two week low of GBX 5.32 and a fifty-two week high of GBX 19.50. The company has a market capitalization of £67.58 million, a price-to-earnings ratio of -9.82 and a beta of -0.08. The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72.

Atlantic Lithium Company Profile

(Get Free Report)

Featured Stories

Should You Invest $1,000 in Atlantic Lithium Right Now?

Before you consider Atlantic Lithium, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlantic Lithium wasn't on the list.

While Atlantic Lithium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.