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E3 Lithium (CVE:ETL) Trading Up 50% - Still a Buy?

E3 Lithium logo with Basic Materials background

Shares of E3 Lithium Limited (CVE:ETL - Get Free Report) were up 50% during trading on Monday . The stock traded as high as C$0.93 and last traded at C$0.93. Approximately 554,532 shares changed hands during 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 Stock Down 4.4%

The company's 50-day moving average is C$0.69 and its 200 day moving average is C$0.84. 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 capitalization of C$65.48 million, a PE ratio of -6.86 and a beta of 0.69.

E3 Lithium Company Profile

(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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