Cross Staff Investments Inc Acquires 2,400 Shares of Atlas Lithium Co. (NASDAQ:ATLX)

Cross Staff Investments Inc grew its holdings in Atlas Lithium Co. (NASDAQ:ATLX) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,612 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Atlas Lithium comprises 6.0% of Cross Staff Investments Inc’s portfolio, making the stock its 2nd largest holding. Cross Staff Investments Inc’s holdings in Atlas Lithium were worth $6,744,000 as of its most recent SEC filing.

Separately, Barclays PLC acquired a new position in Atlas Lithium in the second quarter worth approximately $28,000. 18.35% of the stock is currently owned by institutional investors and hedge funds.

Atlas Lithium Trading Up 3.1 %

Atlas Lithium stock traded up $0.44 during trading hours on Friday, reaching $14.49. 22,046 shares of the company were exchanged, compared to its average volume of 89,832. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $15.58 and a 200 day moving average of $21.97. Atlas Lithium Co. has a 12 month low of $11.80 and a 12 month high of $45.00.

Atlas Lithium (NASDAQ:ATLX) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.88). As a group, sell-side analysts expect that Atlas Lithium Co. will post -2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATLX shares. HC Wainwright dropped their price objective on Atlas Lithium from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Alliance Global Partners dropped their price objective on Atlas Lithium from $75.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. Finally, Roth Mkm dropped their price objective on Atlas Lithium from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

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.