ATOME (LSE:ATOM) is headed for a value inflexion point, according to City stockbroker SP Angel, following the company's recent milestone for the Villetta green fertiliser project.
The AIM-quoted firm has this month taken the final investment decision on Villeta after arranging a $665m debt and equity financing package.
SP Angel rates ATOME as a 'Buy' and a price target of 170p implies upside that's 'multiples' of the market's giving the firm credit for (with the AIM share price anchored at around 57p).
David Mirzai, analyst at SP Angel, says ATOME's green light plus $665m debt and equity financing drives the stock that he reckons is now likely to re‑rate as the shareholder register evolves.
