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E3 Lithium (CVE:ETL) Trading 21.1% Higher - Here's What Happened

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price was up 21.1% on Thursday . The stock traded as high as C$1.64 and last traded at C$1.55. Approximately 809,715 shares changed hands during trading, an increase of 654% from the average daily volume of 107,436 shares. The stock had previously closed at C$1.28.

E3 Lithium Trading Up 0.7%

The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average price of C$0.85 and a two-hundred day moving average price of C$0.82. The firm has a market capitalization of C$107.64 million, a price-to-earnings ratio of -11.28 and a beta of 0.69.

About E3 Lithium

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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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