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E3 Lithium (CVE:ETL) Trading 50% Higher - Should You Buy?

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price shot up 50% during mid-day trading on Monday . The stock traded as high as C$0.93 and last traded at C$0.93. 554,532 shares were traded during trading, an increase of 498% from the average session volume of 92,759 shares. The stock had previously closed at C$0.62.

E3 Lithium Trading Down 4.4%

The firm has a market capitalization of C$65.48 million, a P/E ratio of -6.86 and a beta of 0.69. The company has a quick ratio of 3.82, a current ratio of 12.10 and a debt-to-equity ratio of 1.05. The firm's 50-day simple moving average is C$0.69 and its 200-day simple moving average is C$0.84.

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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