Atlas Lithium Corp (ATLX) Shares Up 11.42% on Oct 29

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Oct 29, 2024

Shares of Atlas Lithium Corp (ATLX, Financial) surged 11.42% in mid-day trading on Oct 29. The stock reached an intraday high of $11.89, before settling at $11.42, up from its previous close of $10.25. This places ATLX 66.41% below its 52-week high of $34.00 and 82.65% above its 52-week low of $6.25. Trading volume was 138,565 shares, 111.3% of the average daily volume of 124,513.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 3 analysts, the average target price for Atlas Lithium Corp (ATLX, Financial) is $29.83 with a high estimate of $45.00 and a low estimate of $19.00. The average target implies an upside of 161.24% from the current price of $11.42. More detailed estimate data can be found on the Atlas Lithium Corp (ATLX) Forecast page.

Based on the consensus recommendation from 3 brokerage firms, Atlas Lithium Corp's (ATLX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.