Atlantic Lithium (LON:ALL) Shares Up 10.3% – What’s Next?

Atlantic Lithium Limited (LON:ALL) shares traded up 10.3% during mid-day trading on Friday . The company traded as high as GBX 9.92 ($0.13) and last traded at GBX 9.48 ($0.13). 6,861,022 shares traded hands during trading, an increase of 527% from the average session volume of 1,094,568 shares. The stock had previously closed at GBX 8.60 ($0.12).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 34 price target on shares of Atlantic Lithium in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 34.

Atlantic Lithium Trading Up 5.8%

The company has a current ratio of 3.58, a quick ratio of 6.08 and a debt-to-equity ratio of 1.72. The business has a fifty day moving average price of GBX 8.51 and a two-hundred day moving average price of GBX 7.70. The firm has a market capitalization of £63.08 million, a PE ratio of -9.16 and a beta of -0.08.

About Atlantic Lithium