Atlantic Lithium (LON:ALL) Trading Up 11.9% – What’s Next?

Atlantic Lithium Limited (LON:ALL)’s share price rose 11.9% on Friday . The stock traded as high as GBX 8 and last traded at GBX 7.90. Approximately 3,332,011 shares were traded during mid-day trading, an increase of 146% from the average daily volume of 1,353,686 shares. The stock had previously closed at GBX 7.06.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 34 target price on shares of Atlantic Lithium in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Atlantic Lithium has a consensus rating of “Buy” and a consensus price target of GBX 34.

Atlantic Lithium Stock Up 11.9%

The company has a market cap of £58.62 million, a P/E ratio of -7.90 and a beta of -0.08. The company’s 50-day moving average is GBX 9.13 and its two-hundred day moving average is GBX 8.42. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.58 and a quick ratio of 6.08.

Atlantic Lithium Company Profile