Atlantic Lithium Limited (OTCMKTS:ALLIF – Get Free Report) shares traded up 1.1% on Friday. The stock traded as high as $0.2146 and last traded at $0.2023. 342,000 shares were traded during trading, an increase of 1,723% from the average daily volume of 18,765 shares. The stock had previously closed at $0.20.
Atlantic Lithium Stock Performance
The stock’s fifty day moving average price is $0.19 and its two-hundred day moving average price is $0.20. The company has a market cap of $151.47 million, a P/E ratio of -10.12 and a beta of 0.12.
About Atlantic Lithium
Atlantic Lithium Limited is a mineral exploration and development company focused on lithium projects in West Africa. Its principal asset is the Ewoyaa Lithium Project in Ghana’s Central Region, where the company is advancing the discovery and potential development of hard-rock spodumene lithium deposits.
The Ewoyaa project forms part of Atlantic Lithium’s broader Cape Coast Lithium Portfolio, which covers a number of exploration areas in Ghana. The company’s activities include geological mapping, drilling, resource evaluation, technical studies and project development work aimed at establishing a potential source of lithium spodumene concentrate for the battery materials supply chain.
Atlantic Lithium was formerly known as IronRidge Resources Limited and adopted its current name in 2021 to reflect its strategic focus on lithium.
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