E3 Lithium (CVE:ETL) Shares Down 19.1% - Here's What Happened

Key Points

• E3 Lithium Limited shares experienced a significant drop of 19.1% on Thursday, trading as low as C$1.11.
• Trading volume increased dramatically, with approximately 1.3 million shares exchanged, marking a 1,017% rise compared to the average daily volume.
• The company has a market cap of C$89.04 million and a negative price-to-earnings ratio of -8.43.

Shares of E3 Lithium Limited (CVE:ETL - ) were down 19.1% during mid-day trading on Thursday . The company traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares changed hands during trading, an increase of 1,017% from the average daily volume of 118,872 shares. The stock had previously closed at C$1.41.

E3 Lithium Stock Performance

The firm has a market cap of C$89.04 million, a price-to-earnings ratio of -8.43 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 12.10 and a quick ratio of 3.82. The firm has a fifty day simple moving average of C$1.41 and a two-hundred day simple moving average of C$1.04.

E3 Lithium Company Profile

E3 Lithium Limited engages in the development and extraction of lithium properties in Alberta. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022. E3 Lithium Limited is headquartered in Calgary, Canada.

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