Atlas Lithium CorpATLX
Market Cap: $145M
About: Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. They intend to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.
Employees: 76
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
4.18% less ownership
Funds ownership: 14.61% [Q1] → 10.43% (-4.18%) [Q2]
18% less funds holding
Funds holding: 28 [Q1] → 23 (-5) [Q2]
34% less capital invested
Capital invested by funds: $28.2M [Q1] → $18.6M (-$9.57M) [Q2]
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
62% less call options, than puts
Call options by funds: $532K | Put options by funds: $1.39M
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Joe Reagor 21% 1-year accuracy 7 / 34 met price target | 168%upside $26 | Buy Maintained | 26 Jul 2024 |
HC Wainwright & Co. Heiko Ihle 43% 1-year accuracy 69 / 161 met price target | 331%upside $41 | Buy Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 4 articles about ATLX published over the past 30 days