Atlantic Lithium (LON:ALL) Reaches New 12-Month Low – What’s Next?

Atlantic Lithium Limited (LON:ALL)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 9.86 ($0.12) and last traded at GBX 10.98 ($0.13), with a volume of 1799678 shares trading hands. The stock had previously closed at GBX 11.98 ($0.15).

Atlantic Lithium Price Performance

The stock has a 50-day moving average price of GBX 13.43 and a 200 day moving average price of GBX 13.94. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08. The firm has a market cap of £71.33 million, a price-to-earnings ratio of -10.66 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.