Atlantic Lithium Limited (OTCMKTS:ALLIF) Short Interest Update

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 10,754 shares, a growth of 17,823.3% from the May 31st total of 60 shares. Based on an average daily volume of 86,258 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Atlantic Lithium Price Performance

OTCMKTS:ALLIF traded up $0.02 during trading hours on Thursday, reaching $0.21. 23,038 shares of the company traded hands, compared to its average volume of 51,201. The firm’s 50-day moving average is $0.21 and its 200-day moving average is $0.19. The stock has a market cap of $158.73 million, a P/E ratio of -7.07 and a beta of -0.10. Atlantic Lithium has a 1-year low of $0.05 and a 1-year high of $0.28.

About Atlantic Lithium

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.