E3 Lithium (CVE:ETL) Shares Down 5.9% - What's Next?

Key Points

• E3 Lithium Limited experienced a significant stock decline of 5.9%, trading at C$1.11 after reaching a high of C$1.18 prior to the drop.
• The company recorded an increase in trading volume, with 933,540 shares exchanged, marking a 632% rise from the average session volume.
• E3 Lithium has a market capitalization of C$84 million and operates in the lithium property development sector in Alberta, Canada.

E3 Lithium Limited (CVE:ETL - )'s stock price fell 5.9% during mid-day trading on Tuesday . The stock traded as low as C$1.11 and last traded at C$1.11. 933,540 shares traded hands during trading, an increase of 632% from the average session volume of 127,473 shares. The stock had previously closed at C$1.18.

E3 Lithium Stock Down 5.9%

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's 50-day moving average price is C$1.39 and its 200 day moving average price is C$1.05. The firm has a market capitalization of C$84.00 million, a price-to-earnings ratio of -7.93 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.