Atlantic Lithium (LON:ALL) Trading Down 4.1%

Atlantic Lithium Limited (LON:ALL – Get Rating)’s share price fell 4.1% during trading on Wednesday . The stock traded as low as GBX 31.85 ($0.40) and last traded at GBX 32.60 ($0.41). 775,203 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 2,236,579 shares. The stock had previously closed at GBX 34 ($0.42).

Atlantic Lithium Stock Performance

The stock’s fifty day simple moving average is GBX 31.11 and its 200-day simple moving average is GBX 36.26. The company has a market capitalization of £191.91 million, a PE ratio of -1,660.00 and a beta of 0.10.

Insider Activity

In other Atlantic Lithium news, insider Amanda Harsas purchased 100,000 shares of the stock in a transaction dated Friday, March 17th. The shares were bought at an average cost of GBX 27 ($0.34) per share, with a total value of £27,000 ($33,582.09). Company insiders own 46.86% of the company’s stock.

Atlantic Lithium Company Profile

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Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It also holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire.