Cross Staff Investments Inc raised its stake in shares of Atlas Lithium Co. (NASDAQ:ATLX - Free Report) by 71.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 364,804 shares of the company's stock after purchasing an additional 152,342 shares during the period. Atlas Lithium makes up approximately 1.9% of Cross Staff Investments Inc's portfolio, making the stock its 9th biggest holding. Cross Staff Investments Inc owned about 2.46% of Atlas Lithium worth $2,481,000 as of its most recent SEC filing.
Shares of ATLX stock opened at $8.33 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 6.15 and a current ratio of 6.18. The firm has a market cap of $123.30 million, a price-to-earnings ratio of -1.75 and a beta of -0.80. Atlas Lithium Co. has a 52 week low of $6.25 and a 52 week high of $34.00. The firm's 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $11.35.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.85) EPS for the quarter, missing analysts' consensus estimates of ($0.70) by ($0.15). The company had revenue of $0.18 million for the quarter. As a group, equities analysts forecast that Atlas Lithium Co. will post -2.86 earnings per share for the current year.
Several analysts have recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and issued a $19.00 target price (down previously from $41.00) on shares of Atlas Lithium in a research note on Thursday, October 3rd. Roth Mkm dropped their target price on shares of Atlas Lithium from $36.00 to $25.50 and set a "buy" rating on the stock in a research report on Friday, July 26th.
Read Our Latest Stock Analysis on Atlas Lithium
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.
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