Atlas Lithium (NASDAQ:ATLX) Stock Price Up 1.3% – What’s Next?

Atlas Lithium Co. (NASDAQ:ATLX) traded up 1.3% on Wednesday . The company traded as high as $4.25 and last traded at $4.05. 168,530 shares changed hands during trading, an increase of 53% from the average session volume of 109,801 shares. The stock had previously closed at $4.00.

Atlas Lithium Stock Up 1.3 %

The firm’s fifty day moving average is $4.98 and its two-hundred day moving average is $6.46. The firm has a market cap of $70.87 million, a price-to-earnings ratio of -0.99 and a beta of -0.87. 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 (NASDAQ:ATLX) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.17). The firm had revenue of $0.12 million during the quarter. On average, sell-side analysts expect that Atlas Lithium Co. will post -2.79 EPS for the current fiscal year.

Institutional Trading of Atlas Lithium

A number of large investors have recently added to or reduced their stakes in ATLX. Perritt Capital Management Inc acquired a new stake in shares of Atlas Lithium during the 4th quarter valued at $63,000. Millennium Management LLC purchased a new stake in shares of Atlas Lithium during the fourth quarter valued at $64,000. Bank of New York Mellon Corp acquired a new position in shares of Atlas Lithium in the 4th quarter valued at $317,000. Polar Asset Management Partners Inc. increased its stake in Atlas Lithium by 3.1% in the 4th quarter. Polar Asset Management Partners Inc. now owns 111,476 shares of the company’s stock worth $706,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Atlas Lithium by 19.7% during the 4th quarter. Invesco Ltd. now owns 226,683 shares of the company’s stock worth $1,435,000 after buying an additional 37,294 shares during the period. 18.35% of the stock is currently owned by institutional investors.

Atlas Lithium Company 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.