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

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s stock price rose 50% during mid-day 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 mid-day 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 Price Performance

The company has a 50 day moving average of C$0.69 and a two-hundred day moving average of C$0.84. The firm has a market cap of C$67.74 million, a P/E ratio of -7.10 and a beta of 0.69. The company has a quick ratio of 3.82, a current ratio of 12.10 and a debt-to-equity ratio of 1.05.

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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