Atlas Lithium (NASDAQ:ATLX) Issues Earnings Results, Misses Estimates By $0.17 EPS

Atlas Lithium (NASDAQ:ATLX) announced its quarterly earnings data on Friday. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.17), Zacks reports. The business had revenue of $0.12 million during the quarter.

Atlas Lithium Price Performance

ATLX opened at $5.45 on Friday. The firm has a market cap of $84.02 million, a PE ratio of -1.33 and a beta of -1.11. The stock has a 50-day moving average price of $6.00 and a 200-day moving average price of $7.27. Atlas Lithium has a 1 year low of $4.87 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.54 and a quick ratio of 3.45.

Atlas Lithium Company Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.