Atlas Lithium (NASDAQ:ATLX - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Atlas Lithium Stock Up 3.4%
NASDAQ ATLX traded up $0.20 during trading on Wednesday, hitting $6.00. 749,914 shares of the company traded hands, compared to its average volume of 321,224. Atlas Lithium has a 12 month low of $3.54 and a 12 month high of $11.89. The business has a fifty day simple moving average of $5.25 and a 200 day simple moving average of $4.62. The company has a current ratio of 2.16, a quick ratio of 2.09 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $117.48 million, a P/E ratio of -2.75 and a beta of -0.88.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.28. Atlas Lithium had a negative return on equity of 143.98% and a negative net margin of 9,881.20%.The firm had revenue of $0.03 million for the quarter, compared to analyst estimates of $24.00 million. As a group, sell-side analysts predict that Atlas Lithium will post -2.79 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Atlas Lithium in the 4th quarter worth $64,000. Alps Advisors Inc. bought a new stake in shares of Atlas Lithium in the first quarter valued at about $56,000. First Wilshire Securities Management Inc. bought a new stake in shares of Atlas Lithium in the first quarter valued at about $312,000. Warberg Asset Management LLC bought a new stake in shares of Atlas Lithium in the first quarter valued at about $657,000. Finally, Quadrant Private Wealth Management LLC bought a new stake in shares of Atlas Lithium in the first quarter valued at about $93,000. 18.35% of the stock is currently owned by institutional investors.
About Atlas Lithium
(
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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