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

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

Atlantic Lithium Stock Down 3.1 %

The company’s 50-day moving average is GBX 12.25 and its 200 day moving average is GBX 12.86. The company has a market capitalization of £120.14 million, a PE ratio of -8.78 and a beta of -0.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.08 and a current ratio of 3.58.

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.