Atlas Lithium (NASDAQ:ATLX) CFO Tiago Miranda Sells 4,400 Shares of Stock

Atlas Lithium Corporation (NASDAQ:ATLX) CFO Tiago Miranda sold 4,400 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $5.00, for a total value of $22,000.00. Following the completion of the transaction, the chief financial officer directly owned 35,831 shares of the company’s stock, valued at approximately $179,155. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Tiago Miranda also recently made the following trade(s):

• On Friday, April 17th, Tiago Miranda sold 5,831 shares of Atlas Lithium stock. The stock was sold at an average price of $5.03, for a total value of $29,329.93.

Atlas Lithium Stock Performance

ATLX opened at $5.06 on Tuesday. The firm’s 50-day simple moving average is $4.73 and its 200-day simple moving average is $4.98. Atlas Lithium Corporation has a twelve month low of $3.60 and a twelve month high of $8.25. The firm has a market cap of $140.52 million, a price-to-earnings ratio of -3.22 and a beta of -0.40.

Atlas Lithium (NASDAQ:ATLX) last posted its earnings results on Wednesday, March 4th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.28. The firm had revenue of $0.04 million during the quarter, compared to the consensus estimate of $42.90 million. As a group, sell-side analysts anticipate that Atlas Lithium Corporation will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATLX. Wall Street Zen raised shares of Atlas Lithium from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlas Lithium in a report on Monday, December 29th. Finally, Zacks Research raised Atlas Lithium to a “hold” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.00.

Institutional Trading of Atlas Lithium

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Financial Services Inc acquired a new stake in shares of Atlas Lithium in the fourth quarter valued at approximately $42,000. LPL Financial LLC acquired a new stake in shares of Atlas Lithium in the fourth quarter valued at approximately $43,000. Alps Advisors Inc. bought a new position in Atlas Lithium in the third quarter valued at about $57,000. Quadrature Capital Ltd bought a new position in Atlas Lithium in the fourth quarter valued at about $61,000. Finally, Virtu Financial LLC bought a new position in Atlas Lithium in the third quarter valued at about $153,000. Institutional investors and hedge funds own 18.35% of the company’s stock.

About Atlas Lithium

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. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects.