Atlantic Lithium (LON:ALL) Reaches New 1-Year Low – Here’s Why

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

Atlantic Lithium Stock Down 3.1 %

The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of £120.14 million, a P/E ratio of -8.78 and a beta of -0.08. The company’s fifty day simple moving average is GBX 12.25 and its 200 day simple moving average is GBX 12.86.

About Atlantic Lithium

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.