Atlas Lithium (NASDAQ:ATLX) Posts Earnings Results

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

Atlas Lithium Price Performance

ATLX opened at $5.45 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.45 and a debt-to-equity ratio of 0.41. The company has a market cap of $84.02 million, a price-to-earnings ratio of -1.33 and a beta of -1.11. The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $7.27. Atlas Lithium has a 12-month low of $4.87 and a 12-month high of $20.00.

About 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.