US LNG exports surge but will buyers in China turn up?
Roger Noriega, a director at Atlas (NYSE:ATCO) Lithium Corp (NASDAQ:ATLX), recently sold shares of the company amid the stock trading near its 52-week low of $3.59, according to a regulatory filing. Noriega disposed of a total of 25,000 shares in multiple transactions conducted on April 4 and April 8, 2025. The sales were executed at prices ranging from $4.00 to $4.45 per share, amounting to a total of $103,010. Following these transactions, Noriega retains ownership of 355,194 shares in the company. These transactions were reported in a Form 4 filing with the Securities and Exchange Commission.The stock has experienced significant pressure, falling 31% in the past week alone. Despite this decline, InvestingPro analysis shows the company maintains a healthy balance sheet with a current ratio of 2.86 and more cash than debt. According to InvestingPro's Fair Value model, the stock appears undervalued at current levels, with 20+ additional real-time insights available to subscribers.
In other recent news, Atlas Lithium Corp announced the termination of its agreement with RTEK International DMCC without anticipating any penalties. The dispute arose after RTEK claimed that Atlas Lithium had not fulfilled its contractual obligations, which Atlas Lithium contested. The company decided to end the agreement due to RTEK's alleged failure to deliver a crucial study on time and other breaches of the contract. To mitigate delays, Atlas Lithium has engaged SGS (SIX:SGSN) to prepare a Definitive Feasibility Study for the Neves Project, expected to be completed by mid-2025. Additionally, the company has strengthened its team by appointing a Project Management Officer and a Vice President of Engineering to expedite the project's progress. Despite the termination, Atlas Lithium is proceeding with the development of the Neves Project. The company has indicated that forward-looking statements about the project's progression are subject to risks and uncertainties. These developments are based on a press release statement from Atlas Lithium.
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