Atlantic Lithium (LON:ALL) Trading Up 15.2% – Here’s Why

Atlantic Lithium Limited (LON:ALL)’s stock price was up 15.2% during trading on Monday . The stock traded as high as GBX 16.76 and last traded at GBX 16.70. Approximately 6,061,928 shares were traded during trading, an increase of 133% from the average daily volume of 2,606,609 shares. The stock had previously closed at GBX 14.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 37 price objective on shares of Atlantic Lithium in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Atlantic Lithium currently has a consensus rating of “Buy” and an average target price of GBX 37.

Atlantic Lithium Price Performance

The firm’s 50 day moving average price is GBX 16.02 and its 200-day moving average price is GBX 11.93. The stock has a market cap of £121.46 million, a P/E ratio of -15.65 and a beta of 0.31.

About Atlantic Lithium