E3 Lithium (CVE:ETL) Stock Price Down 19.1% - Time to Sell?

Key Points

• E3 Lithium's stock fell by 19.1% on Wednesday, trading as low as C$1.11 before closing at C$1.14.
• The trading volume increased significantly to approximately 1.3 million shares, which is an increase of over 1,000% compared to its average daily volume of 118,872 shares.
• E3 Lithium is headquartered in Alberta, Canada, and focuses on the development and extraction of lithium properties.

Shares of E3 Lithium Limited (CVE:ETL - ) were down 19.1% on Wednesday . The stock traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares traded hands during trading, an increase of 1,017% from the average daily volume of 118,872 shares. The stock had previously closed at C$1.41.

E3 Lithium Trading Down 19.1%

The company has a fifty day simple moving average of C$1.41 and a two-hundred day simple moving average of C$1.04. 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 stock has a market capitalization of C$86.02 million, a P/E ratio of -8.14 and a beta of 0.94.

E3 Lithium Company Profile

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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