Atlantic Lithium Limited (OTCMKTS:ALLIF) Sees Large Growth in Short Interest

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 25,948 shares, a growth of 5,110.4% from the April 15th total of 498 shares. Based on an average daily trading volume, of 16,422 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the company’s stock are sold short.

Atlantic Lithium Stock Down 10.6%

Shares of ALLIF traded down $0.03 during mid-day trading on Monday, hitting $0.21. The stock had a trading volume of 379,275 shares, compared to its average volume of 44,776. Atlantic Lithium has a fifty-two week low of $0.05 and a fifty-two week high of $0.28. The company has a market cap of $157.24 million, a PE ratio of -7.00 and a beta of -0.05. The company’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.17.

About Atlantic Lithium

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.