Atlas Lithium Corporation (ATLX)Basic Materials | Other Industrial Metals & Mining | Belo Horizonte, Brazil | NasdaqCM
2.26 USD
-0.04
(-1.739%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
After hours: 2.27 +0.01 (0.274%) ⇧ (Oct. 16, 2026, 7:52 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 5:07 a.m. EDT
The investment case here is severely compromised by a complete lack of profitability and a catastrophic long-term price trajectory. The company is burning through cash with negative operating cash flow and a return on equity of nearly -109%, while trading at a price-to-sales ratio of over 600x—a valuation metric that makes no sense for a non-profitable entity. The price history confirms this deterioration; despite a brief spike in 2021, the stock has lost over 98% of its value over the last nine years, with the last two years showing consecutive declines. There is no dividend to provide income, and the balance sheet is fragile with negative free cash flow. While there is hype surrounding a potential mine opening in Brazil by late 2027, the current fundamentals offer no margin of safety. The options market reflects this pessimism perfectly, with traders buying heavy insurance against further drops rather than betting on a rally. Until the company demonstrates sustained profitability and a reversal in its multi-year decline, this remains a speculative trap. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.089132 |
| AutoETS | 0.135894 |
| AutoARIMA | 0.135894 |
| MSTL | 0.138222 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 6.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.117 |
| Excess Kurtosis | -0.28 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 19.791 |
| Revenue per Share | 0.005 |
| Market Cap | 68,025,560 |
| Forward P/E | -3.70 |
| Beta | 0.19 |
| Previous Name | Brazil Minerals, Inc. |
| Website | https://www.atlas-lithium.com |
As of Oct. 10, 2026, 5:07 a.m. EDT: Speculators are overwhelmingly positioning for downside protection rather than upside participation. Put open interest is massive relative to calls, with deep out-of-the-money puts (strikes 5.0 and 7.5) holding significant volume and open interest across multiple expirations. This indicates a strong consensus fear of further price collapse, while call activity is negligible and concentrated only at the money.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.63607085 |
| Address1 | Rua Antonio de Albuquerque |
| Address2 | 156 – 17th Floor |
| All Time High | 412,500.0 |
| All Time Low | 0.0 |
| Ask | 2.38 |
| Ask Size | 3 |
| Average Daily Volume10 Day | 405,960 |
| Average Daily Volume3 Month | 267,253 |
| Average Volume | 267,253 |
| Average Volume10Days | 405,960 |
| Beta | 0.192 |
| Bid | 1.79 |
| Bid Size | 2 |
| Book Value | 1.578 |
| City | Belo Horizonte |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Brazil |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 2.26 |
| Current Ratio | 2.433 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 2.54 |
| Day Low | 2.171 |
| Debt To Equity | 19.791 |
| Display Name | Atlas Lithium |
| Dividend Yield | 0.0 |
| Ebitda | -44,199,712 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -1.105 |
| Enterprise To Revenue | 444.354 |
| Enterprise Value | 48,833,216 |
| Eps Current Year | -1.48 |
| Eps Forward | -0.61 |
| Eps Trailing Twelve Months | -1.55 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 2.8792 |
| Fifty Day Average Change | -0.6192 |
| Fifty Day Average Change Percent | -0.21505974 |
| Fifty Two Week Change Percent | -63.607086 |
| Fifty Two Week High | 6.72 |
| Fifty Two Week High Change | -4.46 |
| Fifty Two Week High Change Percent | -0.6636905 |
| Fifty Two Week Low | 1.92 |
| Fifty Two Week Low Change | 0.34000003 |
| Fifty Two Week Low Change Percent | 0.17708336 |
| Fifty Two Week Range | 1.92 - 6.72 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,362,061,800,000 |
| Float Shares | 21,904,231 |
| Forward Eps | -0.61 |
| Forward P E | -3.704918 |
| Free Cashflow | -23,422,564 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 64 |
| Fullday Change | -0.033799887 |
| Fullday Change Percent | -1.4695603 |
| Fullday Price | 2.26 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.85089 |
| Gross Profits | 93,510 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.26326 |
| Held Percent Institutions | 0.10426 |
| Implied Shares Outstanding | 30,099,805 |
| Industry | Other Industrial Metals & Mining |
| Industry Disp | Other Industrial Metals & Mining |
| Industry Key | other-industrial-metals-mining |
| Ipo Expected Date | 2,023-01-10 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais Lithium project that consists of 85 mineral rights covering an area of 468 square kilometers located in northeastern Minas Gerais, Brazil; and Northeastern Brazil Lithium project covering an area of 71 square kilometers located in the States of Paraíba, Rio Grande do Norte, and Tocantins. The company is also involved in the exploration and development of mineral rights relating to minerals, such as rare earths, copper, titanium, graphite, nickel, iron, gold, and quartzite. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil. |
| Long Name | Atlas Lithium Corporation |
| Market | us_market |
| Market Cap | 68,025,560 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_211777483 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-18 |
| Net Income To Common | -37,314,820 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 82,924,962 |
| Number Of Analyst Opinions | 1 |
| Open | 2.27 |
| Operating Cashflow | -32,073,998 |
| Operating Margins | -403.35028 |
| Phone | 55 83 3661 7900 |
| Post Market Change | 0.006200075 |
| Post Market Change Percent | 0.27433962 |
| Post Market Price | 2.2662 |
| Post Market Time | 1,792,194,779 |
| Prev Name | Brazil Minerals, Inc. |
| Previous Close | 2.3 |
| Price Eps Current Year | -1.527027 |
| Price Hint | 4 |
| Price To Book | 1.4321927 |
| Price To Sales Trailing12 Months | 618.9938 |
| Profit Margins | 0.0 |
| Quick Ratio | 2.37 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.03999996 |
| Regular Market Change Percent | -1.7391288 |
| Regular Market Day High | 2.54 |
| Regular Market Day Low | 2.171 |
| Regular Market Day Range | 2.171 - 2.54 |
| Regular Market Open | 2.27 |
| Regular Market Previous Close | 2.3 |
| Regular Market Price | 2.26 |
| Regular Market Time | 1,792,180,802 |
| Regular Market Volume | 985,867 |
| Return On Assets | -0.36293998 |
| Return On Equity | -1.08684 |
| Revenue Per Share | 0.005 |
| Sand P52 Week Change | 0.13723719 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Shares Outstanding | 30,099,805 |
| Shares Percent Shares Out | 0.0591 |
| Shares Short | 1,779,171 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 2,219,177 |
| Short Name | Atlas Lithium Corporation |
| Short Percent Of Float | 0.074200004 |
| Short Ratio | 6.68 |
| Source Interval | 15 |
| State | MG |
| Symbol | ATLX |
| Target High Price | 11.5 |
| Target Low Price | 11.5 |
| Target Mean Price | 11.5 |
| Target Median Price | 11.5 |
| Total Cash | 36,092,612 |
| Total Cash Per Share | 1.199 |
| Total Debt | 10,629,315 |
| Total Revenue | 109,897 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.55 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 4.050725 |
| Two Hundred Day Average Change | -1.790725 |
| Two Hundred Day Average Change Percent | -0.4420752 |
| Type Disp | Equity |
| Volume | 985,867 |
| Website | https://www.atlas-lithium.com |
| Zip | 30,112-010 |