Atlantic Lithium Limited (OTCMKTS:ALLIF – Get Free Report)’s share price rose 12.9% during trading on Wednesday . The stock traded as high as $0.2146 and last traded at $0.2146. Approximately 1,141 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 5,205 shares. The stock had previously closed at $0.19.
Atlantic Lithium Stock Performance
The business has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.21. The stock has a market capitalization of $142.26 million, a price-to-earnings ratio of -9.50 and a beta of 0.05.
About Atlantic Lithium
Atlantic Lithium Limited is a mineral exploration and development company focused on lithium projects in West Africa. The company’s primary asset is the Ewoyaa Lithium Project in Ghana, where it is advancing the development of a spodumene-bearing hard-rock lithium operation.
Ewoyaa is part of the company’s broader Cape Coast Lithium Portfolio in Ghana. Atlantic Lithium is working on exploration, resource definition, mine planning, permitting and feasibility activities intended to support future production of lithium spodumene concentrate, a raw material used in lithium-ion batteries and energy-storage systems.
The company was formerly known as IronRidge Resources and adopted the Atlantic Lithium name as it shifted its focus toward lithium development.
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