Invesco Ltd. Sells 24,209 Shares of Atlas Lithium Corporation $ATLX

Invesco Ltd. cut its stake in shares of Atlas Lithium Corporation (NASDAQ:ATLX) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,474 shares of the company’s stock after selling 24,209 shares during the period. Invesco Ltd. owned approximately 1.16% of Atlas Lithium worth $1,047,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ATLX. Millennium Management LLC acquired a new stake in Atlas Lithium in the 4th quarter valued at approximately $64,000. Polar Asset Management Partners Inc. grew its holdings 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 valued at $706,000 after buying an additional 3,316 shares in the last quarter. Cross Staff Investments Inc grew its holdings in shares of Atlas Lithium by 4.4% during the 1st quarter. Cross Staff Investments Inc now owns 552,618 shares of the company’s stock worth $2,857,000 after purchasing an additional 23,500 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Atlas Lithium during the 1st quarter worth $56,000. Finally, Quadrant Private Wealth Management LLC bought a new stake in shares of Atlas Lithium during the 1st quarter worth $93,000. Institutional investors and hedge funds own 18.35% of the company’s stock.

Atlas Lithium Stock Performance

Shares of ATLX stock opened at $5.15 on Wednesday. The business’s 50-day moving average price is $4.89 and its 200-day moving average price is $4.70. Atlas Lithium Corporation has a 12 month low of $3.54 and a 12 month high of $11.89. The firm has a market capitalization of $100.84 million, a price-to-earnings ratio of -2.36 and a beta of -0.82. The company has a current ratio of 2.16, a quick ratio of 2.09 and a debt-to-equity ratio of 0.38.

Atlas Lithium (NASDAQ:ATLX) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.28. Atlas Lithium had a negative return on equity of 143.98% and a negative net margin of 9,881.20%.The firm had revenue of $0.03 million for the quarter, compared to analyst estimates of $24.00 million. Equities research analysts forecast that Atlas Lithium Corporation will post -2.79 EPS 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.