First Wilshire Securities Management Inc. Invests $312,000 in Atlas Lithium Corporation $ATLX

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First Wilshire Securities Management Inc. bought a new position in shares of Atlas Lithium Corporation (NASDAQ:ATLX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,384 shares of the company's stock, valued at approximately $312,000. First Wilshire Securities Management Inc. owned 0.35% of Atlas Lithium as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. purchased a new stake in Atlas Lithium during the first quarter worth $56,000. Millennium Management LLC purchased a new stake in Atlas Lithium during the fourth quarter worth $64,000. Quadrant Private Wealth Management LLC purchased a new stake in Atlas Lithium during the first quarter worth $93,000. Warberg Asset Management LLC purchased a new stake in Atlas Lithium during the first quarter worth $657,000. Finally, Polar Asset Management Partners Inc. lifted its holdings in Atlas Lithium by 3.1% during the fourth quarter. Polar Asset Management Partners Inc. now owns 111,476 shares of the company's stock worth $706,000 after buying an additional 3,316 shares during the period. Hedge funds and other institutional investors own 18.35% of the company's stock.

Atlas Lithium Stock Up 15.8%

Atlas Lithium stock traded up $0.76 during mid-day trading on Friday, reaching $5.58. 805,252 shares of the company were exchanged, compared to its average volume of 624,581. The business has a fifty day moving average of $4.70 and a 200 day moving average of $4.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.09 and a current ratio of 2.16. The firm has a market cap of $109.26 million, a P/E ratio of -2.56 and a beta of -0.83. Atlas Lithium Corporation has a 12-month low of $3.54 and a 12-month high of $12.48.

Atlas Lithium (NASDAQ:ATLX - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.59) by $0.28. The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $24.00 million. Atlas Lithium had a negative return on equity of 143.98% and a negative net margin of 9,881.20%. Research analysts anticipate that Atlas Lithium Corporation will post -2.79 earnings per share for the current fiscal year.

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.