Atlantic Lithium (OTC:ALLIF) Shares Up 5% – Should You Buy?

Atlantic Lithium Limited (OTC:ALLIF)’s share price traded up 5% during trading on Friday . The stock traded as high as $0.21 and last traded at $0.21. 5,000 shares were traded during mid-day trading, a decline of 86% from the average session volume of 36,926 shares. The stock had previously closed at $0.20.

Atlantic Lithium Stock Performance

The company has a fifty day moving average of $0.15 and a two-hundred day moving average of $0.14. The firm has a market capitalization of $39.54 million, a price-to-earnings ratio of -4.20 and a beta of -0.16.

Atlantic Lithium Company Profile

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 holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.