Atlantic Lithium (LON:ALL) Reaches New 12-Month Low – Here’s What Happened

Shares of Atlantic Lithium Limited (LON:ALL) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 8.50 ($0.11) and last traded at GBX 9 ($0.11), with a volume of 976185 shares trading hands. The stock had previously closed at GBX 9.50 ($0.12).

Atlantic Lithium Trading Down 5.3 %

The business’s fifty day moving average is GBX 12.47 and its two-hundred day moving average is GBX 12.93. The firm has a market cap of £124.01 million, a price-to-earnings ratio of -9.06 and a beta of -0.08. The company has a quick ratio of 6.08, a current ratio of 3.58 and a debt-to-equity ratio of 1.72.

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.