Atlas Lithium Corporation (NASDAQ:ATLX - Get Free Report) traded up 0.2% during trading on Monday . The stock traded as high as $4.10 and last traded at $4.02. 240,562 shares were traded during trading, an increase of 69% from the average session volume of 142,734 shares. The stock had previously closed at $4.01.
Atlas Lithium Price Performance
The business has a 50-day moving average price of $4.08 and a two-hundred day moving average price of $5.01. The company has a quick ratio of 2.26, a current ratio of 2.33 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $70.81 million, a price-to-earnings ratio of -1.46 and a beta of -0.86.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.05). Atlas Lithium had a negative net margin of 8,115.34% and a negative return on equity of 166.50%. The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $15.40 million. As a group, research analysts anticipate that Atlas Lithium Corporation will post -2.79 EPS for the current year.
Institutional Investors Weigh In On Atlas Lithium
A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Atlas Lithium in the 4th quarter worth $317,000. Perritt Capital Management Inc bought a new position in Atlas Lithium in the fourth quarter worth about $63,000. Invesco Ltd. lifted its holdings in Atlas Lithium by 19.7% in the fourth quarter. Invesco Ltd. now owns 226,683 shares of the company's stock worth $1,435,000 after buying an additional 37,294 shares during the period. Millennium Management LLC purchased a new stake in Atlas Lithium in the fourth quarter worth about $64,000. Finally, Polar Asset Management Partners Inc. boosted its position in Atlas Lithium by 3.1% during the 4th quarter. Polar Asset Management Partners Inc. now owns 111,476 shares of the company's stock valued at $706,000 after acquiring an additional 3,316 shares in the last quarter. Hedge funds and other institutional investors own 18.35% of the company's stock.
Atlas Lithium Company Profile
(
Get Free Report)
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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