Atlas Lithium (NASDAQ:ATLX) Issues Quarterly Earnings Results

Key Points

• Atlas Lithium reported a quarterly loss of ($0.31) EPS with a negative net margin of 8,115.34% and a return on equity of (166.50%).
• The company's stock increased by 21.1%, closing at $5.26 with a trading volume significantly above its average.
• Atlas Lithium operates mineral exploration projects in Brazil, with major holdings in the Minas Gerais and Northeastern Brazil lithium regions.

Atlas Lithium (NASDAQ:ATLX - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.31) EPS for the quarter, Zacks reports. Atlas Lithium had a negative net margin of 8,115.34% and a negative return on equity of 166.50%.

Atlas Lithium Stock Up 21.1%

ATLX traded up $0.92 during trading on Monday, hitting $5.26. The company had a trading volume of 454,063 shares, compared to its average volume of 197,583. The company has a market capitalization of $93.75 million, a PE ratio of -1.96 and a beta of -0.83. Atlas Lithium has a one year low of $3.54 and a one year high of $12.48. The firm's 50-day moving average price is $4.25 and its 200 day moving average price is $4.77. The company has a quick ratio of 2.26, a current ratio of 2.33 and a debt-to-equity ratio of 0.40.

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.

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