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

Atlas Lithium (NASDAQ:ATLX) issued its quarterly earnings results 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 firm had revenue of $0.12 million during the quarter.

Atlas Lithium Stock Performance

ATLX opened at $5.45 on Friday. Atlas Lithium has a 12-month low of $4.87 and a 12-month high of $20.00. 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 firm has a market capitalization of $84.02 million, a PE ratio of -1.33 and a beta of -1.11. The firm has a 50 day moving average of $6.00 and a two-hundred day moving average of $7.25.

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.