Atlantic Lithium (LON:ALL) Trading Up 4.7% – Should You Buy?

Atlantic Lithium Limited (LON:ALL) shares traded up 4.7% during mid-day trading on Friday . The company traded as high as GBX 11.98 ($0.15) and last traded at GBX 11.98 ($0.15). 384,981 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 798,020 shares. The stock had previously closed at GBX 11.44 ($0.14).

Atlantic Lithium Price Performance

The stock has a market cap of £77.83 million, a price-to-earnings ratio of -11.63 and a beta of -0.08. The company’s 50 day moving average is GBX 13.43 and its 200 day moving average is GBX 13.98. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08.

Atlantic Lithium Company Profile

Atlantic Lithium (formerly “IronRidge Resources”) is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa’s first lithium producing mine.