Atlas Lithium (NASDAQ:ATLX) Announces Quarterly Earnings Results

Atlas Lithium (NASDAQ:ATLX) announced its quarterly earnings results on Friday. The company reported ($0.72) earnings per share (EPS) for the quarter, Zacks reports.

Atlas Lithium Stock Performance

ATLX stock traded up $0.06 on Friday, hitting $5.45. The company had a trading volume of 155,785 shares, compared to its average volume of 106,960. The company has a current ratio of 3.54, a quick ratio of 3.45 and a debt-to-equity ratio of 0.41. Atlas Lithium has a 12-month low of $4.87 and a 12-month high of $20.00. The stock has a market cap of $84.02 million, a price-to-earnings ratio of -1.33 and a beta of -1.11. The stock’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $7.33.

About Atlas Lithium

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.