Atlantis Resources Ltd (LON:ARL)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a report released on Tuesday. They currently have a GBX 41 ($0.53) target price on the stock. Macquarie’s target price would indicate a potential upside of 12.33% from the stock’s previous close.

Separately, Peel Hunt reissued an “under review” rating on shares of Atlantis Resources in a report on Monday, July 10th.

Shares of Atlantis Resources (ARL) opened at 36.50 on Tuesday. The company has a 50-day moving average of GBX 37.10 and a 200-day moving average of GBX 45.84. Atlantis Resources has a 1-year low of GBX 37.50 and a 1-year high of GBX 84.42. The company’s market cap is GBX 42.69 million.

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Atlantis Resources Company Profile

Atlantis Resources Limited is a vertically integrated turbine supplier and project developer in the tidal power industry. The Company’s segments include Power Generation, and Turbine and Engineering Services. The Company’s Power Generation focuses on the development of the MeyGen tidal energy project.

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