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E3 Lithium (CVE:ETL) Stock Price Down 19.1% - Should You Sell?

E3 Lithium logo with Basic Materials background

Key Points

  • E3 Lithium Limited saw its stock price drop by 19.1% on Wednesday, with shares trading as low as C$1.11 before closing at C$1.14.
  • The trading volume surged to 1,327,318 shares, marking an increase of 1,023% compared to the average session volume.
  • The company, which focuses on the development and extraction of lithium properties in Alberta, has a market cap of C$86.02 million and a P/E ratio of -8.14.
  • Interested in E3 Lithium? Here are five stocks we like better.

Shares of E3 Lithium Limited (CVE:ETL - Get Free Report) fell 19.1% on Wednesday . The stock traded as low as C$1.11 and last traded at C$1.14. 1,327,318 shares changed hands during trading, an increase of 1,023% from the average session volume of 118,238 shares. The stock had previously closed at C$1.41.

E3 Lithium Price Performance

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 company has a market cap of C$86.02 million, a P/E ratio of -8.14 and a beta of 0.94. The firm has a 50 day moving average price of C$1.41 and a two-hundred day moving average price of C$1.03.

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.

Further Reading

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