Atlas Lithium (ATLX) Stock Price & Analysis
Lithium stocks are clearly in focus today, but one absolutely skyrocketing right now is Atlas Lithium (NASDAQ:ATLX). Currently, ATLX stock is up more than 35%, surging on some pretty high-profile news.
As InvestorPlace contributor William White reports, Sigma Lithium (NASDAQ:SGML) is rising today due to a potential sale to Tesla (NASDAQ:TSLA). With SGML stock up about 20% at the time of this writing, though, one might wonder why ATLX stock is up even more.
Well, it appears that investors don’t fully believe the rumors. More specifically, Sigma could be an acquisition target for Tesla CEO Elon Musk. But Atlas Lithium — a smaller and relatively more attractive option based on valuation — may be an even better pick in this environment. At least, that’s what speculators are clearly betting on right now.
Given the fact that we’re currently in the rumor stage of anything actually taking place, there’s a lot to unpack here. Let’s dive into what investors may want to make of this potential deal.
TP 01 : 11.33
TP 02 : 12.68
TP 03 : 14.03
TP 04 : 15.38
Lithium stocks are clearly in focus today, but one absolutely skyrocketing right now is Atlas Lithium (NASDAQ:ATLX). Currently, ATLX stock is up more than 35%, surging on some pretty high-profile news.
As InvestorPlace contributor William White reports, Sigma Lithium (NASDAQ:SGML) is rising today due to a potential sale to Tesla (NASDAQ:TSLA). With SGML stock up about 20% at the time of this writing, though, one might wonder why ATLX stock is up even more.
Well, it appears that investors don’t fully believe the rumors. More specifically, Sigma could be an acquisition target for Tesla CEO Elon Musk. But Atlas Lithium — a smaller and relatively more attractive option based on valuation — may be an even better pick in this environment. At least, that’s what speculators are clearly betting on right now.
Given the fact that we’re currently in the rumor stage of anything actually taking place, there’s a lot to unpack here. Let’s dive into what investors may want to make of this potential deal.
TP 01 : 11.33
TP 02 : 12.68
TP 03 : 14.03
TP 04 : 15.38
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