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E3 Lithium (CVE:ETL) Shares Up 50% - Here's What Happened

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s stock price shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.93 and last traded at C$0.93. 554,532 shares traded hands during trading, an increase of 498% from the average session volume of 92,759 shares. The stock had previously closed at C$0.62.

E3 Lithium Price Performance

The firm has a 50 day moving average of C$0.69 and a 200-day moving average of C$0.84. The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05. The company has a market cap of C$65.48 million, a P/E 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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