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Atlantic Lithium records first gain since listing on Ghana’s local bourse; market cap rises to GHS 2.99bn

By primenewsghana
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Share price of Atlantic Lithium Ghana (ALLGH) rose to GH¢4.61 after a gain of 21 pesewas at the close of trading session on Wednesday.

The 21 pesewas gain in the ALLGH equity is the first since its secondary listing on the Ghana Stock Exchange (GSE) at the initial trading price of GHS 4.40.

As a result of the gain in ALLGH, the market capitalization of the GSE increased by GH¢124.66 million to end the day at GH¢84.34 billion.

Atlantic Lithium Ghana made its debut on the Ghana Stock Exchange (GSE) with a secondary listing of 649,669,053 shares on the local bourse.

READ ALSO: Atlantic Lithium listing on Ghana Stock Exchange historic – Lands Minister

The starting market capitalization of Atlantic Lithium was at GHS 2.85bn, with the gain in equity price on Wednesday, the market capitalization of Atlantic Lithium Ghana has now increased to GHS 2.99bn.

Atlantic Lithium, already listed on AIM, ASX, and OTCQX, is pioneering Ghana’s lithium production with its Ewoyaa Lithium Project located in the Central Region.

Meanwhile, the benchmark index of the Ghana Stock Exchange (GSE Composite Index) recorded no change to close at 3,772.52 points with a YTD return of 20.55%.

The GSE Financial Stocks Index also stayed put at 2,086.24 points, with a YTD return of 9.71%.

Total turnover recorded for trading activity on Wednesday rose to GH¢3,189,088.63 (up 213.58%) compared to the previous day.

Twelve (12) different equities were traded as total volumes traded dropped, with 128,977 shares traded.

There were outstanding offers for FML, SOGEGH, UNIL and GGBL at GH¢3.19, GH¢1.55, GH¢12.50 and GH¢4.44 respectively.