Thomist Capital Management LP Has $1.53 Million Position in Atlas Lithium Co. (NASDAQ:ATLX)

Thomist Capital Management LP decreased its position in shares of Atlas Lithium Co. (NASDAQ:ATLX) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,796 shares of the company’s stock after selling 12,796 shares during the period. Atlas Lithium comprises 0.6% of Thomist Capital Management LP’s holdings, making the stock its 24th largest holding. Thomist Capital Management LP owned approximately 1.00% of Atlas Lithium worth $1,534,000 at the end of the most recent reporting period.

Atlas Lithium Trading Down 7.0 %

NASDAQ ATLX opened at $9.43 on Thursday. The company has a market cap of $139.58 million, a price-to-earnings ratio of -1.99 and a beta of -0.76. Atlas Lithium Co. has a twelve month low of $8.37 and a twelve month high of $34.00. The company has a quick ratio of 6.15, a current ratio of 6.18 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $10.51 and its 200 day moving average is $12.83.

Atlas Lithium (NASDAQ:ATLX) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.15). The firm had revenue of $0.18 million during the quarter. As a group, sell-side analysts expect that Atlas Lithium Co. will post -2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

ATLX has been the topic of a number of recent analyst reports. Roth Mkm decreased their target price on Atlas Lithium from $36.00 to $25.50 and set a “buy” rating on the stock in a research report on Friday, July 26th. HC Wainwright lifted their price target on shares of Atlas Lithium from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 9th.

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.