Bank of New York Mellon Corp Takes Position in Atlas Lithium Co. (NASDAQ:ATLX)

Bank of New York Mellon Corp acquired a new position in shares of Atlas Lithium Co. (NASDAQ:ATLX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,002 shares of the company’s stock, valued at approximately $317,000. Bank of New York Mellon Corp owned 0.32% of Atlas Lithium as of its most recent SEC filing.

Separately, Cross Staff Investments Inc boosted its holdings in Atlas Lithium by 45.0% during the fourth quarter. Cross Staff Investments Inc now owns 529,118 shares of the company’s stock worth $3,349,000 after buying an additional 164,314 shares during the last quarter. 18.35% of the stock is owned by institutional investors and hedge funds.

Atlas Lithium Stock Performance

Shares of ATLX stock opened at $5.30 on Friday. The stock has a market cap of $89.96 million, a PE ratio of -1.30 and a beta of -1.12. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $6.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.54 and a quick ratio of 3.45. Atlas Lithium Co. has a one year low of $4.87 and a one year high of $20.00.

Atlas Lithium (NASDAQ:ATLX) last issued its earnings results on Friday, March 14th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.17). The business had revenue of $0.12 million for the quarter. As a group, sell-side analysts expect that Atlas Lithium Co. will post -2.79 earnings per share for the current year.

Atlas Lithium Profile

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.