Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) shares were up 1.3% during trading on Wednesday . The company traded as high as $4.25 and last traded at $4.05. Approximately 168,530 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 109,801 shares. The stock had previously closed at $4.00.
Atlas Lithium Stock Performance
The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.45 and a current ratio of 3.54. The stock's 50-day moving average is $4.86 and its 200 day moving average is $6.38. The firm has a market cap of $75.25 million, a P/E ratio of -1.05 and a beta of -0.87.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.72) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.17). The company had revenue of $0.12 million for the quarter. On average, research analysts predict that Atlas Lithium Co. will post -2.79 earnings per share for the current year.
Institutional Trading of Atlas Lithium
A number of institutional investors have recently modified their holdings of the company. Perritt Capital Management Inc acquired a new stake in Atlas Lithium in the 4th quarter valued at approximately $63,000. Millennium Management LLC bought a new stake in Atlas Lithium in the 4th quarter valued at approximately $64,000. Bank of New York Mellon Corp bought a new stake in Atlas Lithium in the 4th quarter valued at approximately $317,000. Polar Asset Management Partners Inc. lifted its stake in Atlas Lithium by 3.1% in 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. Finally, Invesco Ltd. lifted its stake in Atlas Lithium by 19.7% in the 4th quarter. Invesco Ltd. now owns 226,683 shares of the company's stock valued at $1,435,000 after acquiring an additional 37,294 shares in the last quarter. 18.35% of the stock is currently owned by institutional investors.
About Atlas Lithium
(
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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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