ATLX Stock Summary and Trading Ideas (Atlas Lithium | NASDAQ:ATLX)

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.

Atlas Lithium trades on the NASDAQ stock market under the symbol ATLX.

As of March 6, 2025, ATLX stock price declined to $5.24 with 120,044 million shares trading.

ATLX has a beta of 1.62, meaning it tends to be more sensitive to market movements. ATLX has a correlation of 0.07 to the broad based SPY ETF.

ATLX has a market cap of $80.78 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that ATLX belongs to (by Net Assets): PBW, LITP, SETM, LIMI, RFLR.

ATLX has underperformed the market in the last year with a price return of -64.5% while the SPY ETF gained +14.3%. ATLX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.0% and -9.7%, respectively, while the SPY returned -5.3% and -6.6%, respectively.

ATLX support price is $5.14 and resistance is $5.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATLX shares will trade within this expected range on the day.