Key Points
- CFO Tiago Miranda sold 4,400 shares on April 16 at an average of $5.00 for $22,000 and additionally sold 5,831 shares on April 17 at $5.03, reducing his stake about 10.94% to 35,831 shares (≈$179,155).
- Atlas Lithium shares trade around $5.06, with a 50‑day/200‑day SMA of $4.73/$4.98, a market capitalization of roughly $140.5 million, and a 52‑week range of $3.60–$8.25.
- Institutional investors hold about 18.35% of the company with firms like Invesco increasing stakes, and analysts' consensus is a Hold with an average price target of $12.00.
Atlas Lithium Corporation (NASDAQ:ATLX - Get Free Report) CFO Tiago Miranda sold 4,400 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.00, for a total value of $22,000.00. Following the completion of the transaction, the chief financial officer owned 35,831 shares in the company, valued at approximately $179,155. This represents a 10.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tiago Miranda also recently made the following trade(s):
- On Friday, April 17th, Tiago Miranda sold 5,831 shares of Atlas Lithium stock. The shares were sold at an average price of $5.03, for a total value of $29,329.93.
Atlas Lithium Price Performance
Shares of NASDAQ ATLX opened at $5.06 on Tuesday. The company's 50 day simple moving average is $4.73 and its 200 day simple moving average is $4.98. Atlas Lithium Corporation has a fifty-two week low of $3.60 and a fifty-two week high of $8.25. The firm has a market capitalization of $140.52 million, a P/E ratio of -3.22 and a beta of -0.40.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.28. The business had revenue of $0.04 million during the quarter, compared to analyst estimates of $42.90 million. Sell-side analysts expect that Atlas Lithium Corporation will post -0.23 EPS for the current fiscal year.
Institutional Trading of Atlas Lithium
Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Atlas Lithium by 48.3% in the 4th quarter. Invesco Ltd. now owns 758,138 shares of the company's stock valued at $3,207,000 after purchasing an additional 247,064 shares during the period. Marshall Wace LLP raised its stake in shares of Atlas Lithium by 2.0% in the 4th quarter. Marshall Wace LLP now owns 614,259 shares of the company's stock valued at $2,598,000 after purchasing an additional 12,169 shares during the period. Cross Staff Investments Inc raised its stake in shares of Atlas Lithium by 2.2% in the 3rd quarter. Cross Staff Investments Inc now owns 565,618 shares of the company's stock valued at $2,692,000 after purchasing an additional 12,000 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Atlas Lithium in the 4th quarter valued at about $1,107,000. Finally, Connective Capital Management LLC acquired a new stake in shares of Atlas Lithium in the 3rd quarter valued at about $405,000. Institutional investors and hedge funds own 18.35% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Atlas Lithium from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Atlas Lithium in a research note on Monday, December 29th. Finally, Zacks Research raised Atlas Lithium to a "hold" rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Atlas Lithium currently has an average rating of "Hold" and a consensus price target of $12.00.
Get Our Latest Stock Report on Atlas Lithium
Atlas Lithium Company Profile
(
Get Free Report)
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. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects.
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