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E3 Lithium (CVE:ETL) Shares Down 19.1% - What's Next?

E3 Lithium logo with Basic Materials background

Key Points

  • E3 Lithium Limited shares fell by 19.1% on Wednesday, trading as low as C$1.11, with a significant increase in trading volume at 1,327,318 shares.
  • The company has a market capitalization of C$86.02 million and a negative PE ratio of -8.14, indicating financial challenges.
  • E3 Lithium, formerly known as E3 Metals Corp., focuses on the development and extraction of lithium properties in Alberta, Canada.
  • MarketBeat previews the top five stocks to own by November 1st.

E3 Lithium Limited (CVE:ETL - Get Free Report) dropped 19.1% on Wednesday . The company traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares traded 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 Down 19.1%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.82 and a current ratio of 12.10. The stock has a market capitalization of C$86.02 million, a PE ratio of -8.14 and a beta of 0.94. The business has a 50 day moving average of C$1.41 and a two-hundred day moving average of C$1.04.

E3 Lithium Company Profile

(Get Free Report)

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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