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E3 Lithium (CVE:ETL) Trading Up 50% - Here's Why

E3 Lithium logo with Basic Materials background

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

E3 Lithium Price Performance

The stock has a fifty day moving average price of C$0.69 and a 200-day moving average price of C$0.84. The firm has a market capitalization of C$65.48 million, a PE ratio of -6.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.82 and a current ratio of 12.10.

About E3 Lithium

(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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