Atlantic Lithium (LON:ALL) Shares Up 4.7% – What’s Next?

Atlantic Lithium Limited (LON:ALL)’s stock price shot up 4.7% on Friday . The stock traded as high as GBX 11.98 ($0.15) and last traded at GBX 11.98 ($0.15). 384,981 shares were traded during mid-day trading, a decline of 52% from the average session volume of 798,020 shares. The stock had previously closed at GBX 11.44 ($0.14).

Atlantic Lithium Stock Up 4.7 %

The company has a quick ratio of 6.08, a current ratio of 3.58 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of £77.83 million, a PE ratio of -11.63 and a beta of -0.08. The firm’s fifty day moving average is GBX 13.43 and its 200-day moving average is GBX 13.98.

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.