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E3 Lithium (CVE:ETL) Trading Up 21.1% - Here's Why

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price was up 21.1% during mid-day trading on Thursday . The company traded as high as C$1.64 and last traded at C$1.55. Approximately 809,715 shares traded hands during mid-day trading, an increase of 654% from the average daily volume of 107,436 shares. The stock had previously closed at C$1.28.

E3 Lithium Price Performance

The stock has a fifty day moving average of C$0.85 and a 200-day moving average of C$0.82. 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 has a market capitalization of C$107.64 million, a P/E ratio of -11.28 and a beta of 0.69.

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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