Atlantic Lithium (ALL) AI Stock Analysis

• Market Cap: £66.52M
• Dividend Yield: N/A
• Average Volume (3M): 1.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: N/A
• EPS Growth: 54.72%
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 719,108,150
• 10 Day Avg. Volume: 1,292,726
• 30 Day Avg. Volume: 1,406,996
• PEG Ratio: 0.29
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 9223.05
• P/FCF Ratio: -4.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £22.65
• Price Target Upside: 143.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 50 Neutral
• Price Target: 9.50p ▲(2.15% Upside)

Atlantic Lithium's overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and negative cash flows. While technical analysis shows some positive momentum, the negative P/E ratio and lack of dividend yield weigh heavily on the stock's valuation. The absence of earnings call data and corporate events further limits the assessment.

Atlantic Lithium Business Overview & Revenue Model

Company Description

Atlantic Lithium Limited explores for and develops mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It also holds interest in a lithium property covering an area of 1,172 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.

How the Company Makes Money

Atlantic Lithium generates revenue primarily through the exploration, development, and eventual production of lithium concentrate. The company’s revenue model is centered on the sale of spodumene concentrate to battery manufacturers and electric vehicle producers as demand for lithium continues to rise. Key revenue streams include direct sales agreements with customers, potential off-take agreements that secure future sales, and partnerships with other mining companies and stakeholders in the lithium supply chain. Significant factors contributing to its earnings include the increasing global demand for lithium due to the electric vehicle boom, strategic partnerships that enhance operational capabilities, and favorable government policies promoting mineral extraction in the regions where it operates.

Atlantic Lithium Financial Statement Overview

Summary

Atlantic Lithium faces substantial financial challenges, with significant losses and negative cash flows. While the balance sheet shows low leverage, the company's profitability and cash flow metrics indicate a need for strategic improvements to achieve financial stability and growth.

Income Statement

Atlantic Lithium's income statement shows significant challenges with negative margins across the board. The company has experienced a drastic decline in revenue, with a revenue growth rate of -98.66%. The net profit margin is deeply negative at -619.43%, indicating substantial losses relative to revenue. These figures suggest severe profitability issues and a need for strategic changes to improve financial performance.

Balance Sheet

The balance sheet reflects a relatively stable financial structure with a low debt-to-equity ratio of 0.0043, indicating minimal leverage. However, the return on equity is negative at -16.20%, highlighting inefficiencies in generating returns for shareholders. The equity ratio is not explicitly calculated, but the company's equity position appears strong relative to its assets, suggesting some stability despite ongoing losses.

Cash Flow

Cash flow analysis reveals significant negative free cash flow, though there is a positive growth rate of 34.23% in free cash flow. The operating cash flow to net income ratio is negative, indicating operational challenges in generating cash. The free cash flow to net income ratio is high at 4.97, suggesting that while the company is generating some cash relative to its net losses, overall cash flow management remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	693.86K	10.64K	717.86K	0.00	0.00	0.00
Gross Profit	693.86K	-109.88K	717.86K	-27.93K	-16.83K	-12.02K
EBITDA	-5.75M	-6.15M	-12.17M	-12.26M	-33.39M	-4.04M
Net Income	-6.59M	-6.59M	-12.48M	-12.99M	-34.65M	-4.90M
Balance Sheet
Total Assets	44.48M	44.48M	41.19M	36.69M	39.13M	72.19M
Cash, Cash Equivalents and Short-Term Investments	5.39M	5.39M	12.68M	15.31M	23.88M	19.14M
Total Debt	176.25K	176.25K	611.35K	0.00	0.00	0.00
Total Liabilities	3.78M	3.78M	5.74M	6.54M	4.35M	3.95M
Stockholders Equity	40.70M	40.70M	35.45M	30.15M	34.78M	68.24M
Cash Flow
Free Cash Flow	-24.01M	-24.45M	-34.16M	-28.85M	-10.60M	-17.41M
Operating Cash Flow	-4.64M	-4.92M	-9.14M	-6.96M	-5.38M	-2.86M
Investing Cash Flow	-13.67M	-12.57M	-8.39M	-4.47M	-12.66M	-14.65M
Financing Cash Flow	15.04M	10.02M	15.05M	2.88M	23.49M	28.76M

Atlantic Lithium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALL, the sentiment is Positive. The current price of 9.3 is below the 20-day moving average (MA) of 9.43, above the 50-day MA of 8.60, and above the 200-day MA of 8.92, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 52.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ALL.

Atlantic Lithium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALL	50 Neutral	£66.52M	―	-17.14%	―	―	54.72%
KOD	48 Neutral	£56.79M	-5.60	―	―	―	-133.33%
ZNWD	41 Neutral	£28.74M	-9.55	―	―	―	-19.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Atlantic Lithium Corporate Events

Atlantic Lithium Advances Towards Ghana’s First Lithium Mine

Atlantic Lithium has secured all necessary permits for the construction of its flagship Ewoyaa Lithium Project in Ghana and is awaiting parliamentary ratification of the mining lease. The company has implemented strategic initiatives to conserve cash and advance the project towards a final investment decision, despite subdued lithium pricing. The Ewoyaa Project is expected to significantly impact the local economy and position Atlantic Lithium as a major player in the global lithium market.

Spark’s Take on GB:ALL Stock

According to Spark, TipRanks’ AI Analyst, GB:ALL is a Neutral.

Atlantic Lithium’s stock score reflects strong revenue growth and financial stability due to low leverage, but significant challenges such as operational inefficiencies and negative cash flows weigh heavily. Technical analysis indicates a bearish trend, and valuation is hindered by lack of profitability and low attractiveness for income investors. The absence of earnings call data and notable corporate events does not affect the score.

To see Spark’s full report on GB:ALL stock, click here.

Atlantic Lithium Seeks Fiscal Support Amidst Market Challenges

Atlantic Lithium has addressed recent media reports about its request for fiscal concessions from the Ghanaian Government to support the Ewoyaa Lithium Project amidst declining lithium prices. The company is actively engaging with stakeholders, including government representatives, to negotiate fiscal terms that align with the current market conditions. Despite the challenging global lithium market, Atlantic Lithium is committed to advancing the Ewoyaa project, aiming to deliver long-term benefits such as local employment and skills development in Ghana.

Spark’s Take on GB:ALL Stock

According to Spark, TipRanks’ AI Analyst, GB:ALL is a Neutral.

Atlantic Lithium’s stock score reflects strong revenue growth and financial stability due to low leverage, but significant challenges such as operational inefficiencies and negative cash flows weigh heavily. Technical analysis indicates a bearish trend, and valuation is hindered by lack of profitability and low attractiveness for income investors. The absence of earnings call data and notable corporate events does not affect the score.

To see Spark’s full report on GB:ALL stock, click here.