Atlantic Lithium (LON:ALL) Sets New 1-Year Low – Should You Sell?

Atlantic Lithium Limited (LON:ALL)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 8.50 ($0.11) and last traded at GBX 9 ($0.11), with a volume of 976185 shares traded. The stock had previously closed at GBX 9.50 ($0.12).

Atlantic Lithium Trading Down 5.3 %

The company has a quick ratio of 6.08, a current ratio of 3.58 and a debt-to-equity ratio of 1.72. The business’s fifty day moving average is GBX 12.47 and its 200 day moving average is GBX 12.93. The stock has a market cap of £124.01 million, a PE ratio of -9.06 and a beta of -0.08.

About Atlantic Lithium

Atlantic Lithium (formerly “IronRidge Resources”) is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa’s first lithium producing mine.