Atlantic Lithium (LON:ALL) Trading Down 11.1% – Here’s What Happened

Shares of Atlantic Lithium Limited (LON:ALL) traded down 11.1% during trading on Thursday . The stock traded as low as GBX 15 ($0.19) and last traded at GBX 15.07 ($0.19). 2,564,594 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 1,124,653 shares. The stock had previously closed at GBX 16.95 ($0.21).

Atlantic Lithium Stock Performance

The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08. The company’s fifty day moving average price is GBX 13.05 and its 200 day moving average price is GBX 15.02. The company has a market cap of £94.66 million, a PE ratio of -14.15 and a beta of -0.08.

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.