ATLX Is About To Surprise Everyone $377-$522 Per Share
ATLX is poised for massive gains over this next year and possibly sooner. Without getting into the fundamentals too much, if you look at Sigma which is very comparable to ATLX their market cap is around 3.5 billion. Sigma stock price is only in the
30
range because they have a ton of outstanding shares and a giant float. They have 107 million outstanding shares and a float of 103 million shares hence their
30
dollar price on their stock. The huge difference here is ATLX has only 6.7 million outstanding shares and about 4 million float. If we're assuming that ATLX reaches a market cap of $2.5 Billion which is still
1
Billion less than Sigma and other similar Lithium companies then the price of ATLX stock could reach a minimum of
377
dollars per share because of their low share count. Just divide $2.5 Billion by 6.7 million and you can see that. If ATLX reaches the same market cap as Sigma at 3.5 Billion then the share price would be a whopping
522
dollars. Sounds insane right but its not. ATLX has had some really awesome drill results, some of the largest mining area, and the world is moving towards green energy and vehicles and Lithium will be extremely sought after. China is buying more than you can imagine and seeing how China and Brazil are buddies..... Good luck out there and as always this is just my opinion and not financial advice of any kind. Thank you
1
Billion less than Sigma and other similar Lithium companies then the price of ATLX stock could reach a minimum of
377
dollars per share because of their low share count. Just divide $2.5 Billion by 6.7 million and you can see that. If ATLX reaches the same market cap as Sigma at 3.5 Billion then the share price would be a whopping
522
dollars. Sounds insane right but its not. ATLX has had some really awesome drill results, some of the largest mining area, and the world is moving towards green energy and vehicles and Lithium will be extremely sought after. China is buying more than you can imagine and seeing how China and Brazil are buddies..... Good luck out there and as always this is just my opinion and not financial advice of any kind. Thank you
Comment:
Looks like its topping out around the 44 level. Hanging man candle and doji today so a possible bearish reversal is coming. I can see a correction down to 25 before the next move up. Not financial advice just reading the charts and my opinion on them.
Comment:
The correction happened as predicted. It sold off really fast so some big money dumped it. If ATLX breaks lower than $21 then it looks like $7 could happen. Keep an eye on the RSI as well, still has alot more room to the downside before it reaches the bearish control zone which I believe it will. This is not financial advice just my opinion. Thank you
Comment:
