E3 Lithium (CVE:ETL) Trading Up 2.1% - Should You Buy?

Key Points

• E3 Lithium's stock price increased by 2.1%, reaching C$1.49 after trading as high as C$1.50.
• The company has a market cap of C$112.43 million and recorded a significant drop in trading volume, with only 22,319 shares exchanged compared to an average of 111,692 shares.
• E3 Lithium Limited focuses on the development and extraction of lithium properties in Alberta and was previously known as E3 Metals Corp.

Shares of E3 Lithium Limited (CVE:ETL - Get Free Report) were up 2.1% during trading on Friday . The company traded as high as C$1.50 and last traded at C$1.49. Approximately 22,319 shares were traded during trading, a decline of 80% from the average daily volume of 111,692 shares. The stock had previously closed at C$1.46.

E3 Lithium Trading Down 7.4%

The stock's fifty day moving average price is C$1.33 and its 200 day moving average price is C$0.94. The stock has a market cap of C$95.08 million, a P/E ratio of -9.00 and a beta of 1.09. The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05.

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.