Atlantic Lithium (OTC:ALLIF) Trading Up 2.5%

Atlantic Lithium Limited (OTC:ALLIF – Get Rating)’s share price rose 2.5% during trading on Tuesday . The stock traded as high as $0.42 and last traded at $0.41. Approximately 1,550 shares traded hands during trading, a decline of 97% from the average daily volume of 55,555 shares. The stock had previously closed at $0.40.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ALLIF shares. Macquarie started coverage on Atlantic Lithium in a research note on Wednesday, March 8th. They set an “outperform” rating on the stock. Echelon Wealth Partners reissued a “speculative buy” rating on shares of Atlantic Lithium in a research report on Sunday, January 29th.

Atlantic Lithium Price Performance

The firm has a market capitalization of $72.52 million and a price-to-earnings ratio of -5.13. The stock has a 50 day moving average price of $0.38 and a two-hundred day moving average price of $0.46.

Atlantic Lithium Company Profile

(Get Rating)

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It also holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire.