Atlas Lithium (NASDAQ:ATLX) Posts Earnings Results, Misses Expectations By $0.05 EPS

Atlas Lithium (NASDAQ:ATLX - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.05), Zacks reports. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $15.40 million.

Atlas Lithium Trading Up 6.4%

ATLX traded up $0.25 during trading on Thursday, reaching $4.17. 308,503 shares of the stock traded hands, compared to its average volume of 113,967. The company has a quick ratio of 3.45, a current ratio of 3.54 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $72.99 million, a PE ratio of -1.02 and a beta of -0.75. The stock's 50-day moving average is $4.61 and its 200 day moving average is $6.11. Atlas Lithium has a 12 month low of $3.54 and a 12 month high of $17.72.

Atlas Lithium Company Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.