E3 Lithium (CVE:ETL) Shares Down 19.1% - Time to Sell?

Key Points

• E3 Lithium Limited shares fell by 19.1% during mid-day trading, currently priced at C$1.14 compared to a previous close of C$1.41.
• Trading volume surged with approximately 1.3 million shares changing hands, marking an increase of 1,017% from the average daily volume.
• The company, which focuses on lithium extraction in Alberta, has a market cap of C$89.04 million and operates with a P/E 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 Trading Up 3.5%

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 company's 50 day moving average is C$1.41 and its two-hundred day moving average is C$1.04. The firm has a market cap of C$89.04 million, a P/E ratio of -8.43 and a beta of 0.94.

About E3 Lithium

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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