Atlantic Lithium (OTC:ALLIF) Shares Down 8.8% – Should You Sell?

Atlantic Lithium Limited (OTC:ALLIFGet Free Report)’s share price traded down 8.8% on Monday . The company traded as low as $0.20 and last traded at $0.23. 6,000 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 23,205 shares. The stock had previously closed at $0.25.

Atlantic Lithium Stock Down 27.7 %

The business’s 50-day simple moving average is $0.19 and its two-hundred day simple moving average is $0.24. The firm has a market cap of $30.84 million, a price-to-earnings ratio of -3.00 and a beta of -0.42.

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 holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire.

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