E3 Lithium (CVE:ETL) Trading 0.7% Higher - Still a Buy?

Key Points

• E3 Lithium Limited's stock rose 0.7% to C$1.40, with a trading volume of about 84,088 shares, which is a 26% decline from the average daily volume.
• The company has a market capitalization of C$105.38 million, with a PE ratio of -11.05 and a strong liquidity position evidenced by a quick ratio of 3.82.
• E3 Lithium Limited, previously known as E3 Metals Corp., focuses on the development and extraction of lithium properties in Alberta, Canada.

E3 Lithium Limited (CVE:ETL - ) rose 0.7% during trading on Thursday . The company traded as high as C$1.45 and last traded at C$1.40. Approximately 84,088 shares changed hands during trading, a decline of 26% from the average daily volume of 113,895 shares. The stock had previously closed at C$1.39.

E3 Lithium Trading Up 0.7%

The company has a market cap of C$105.38 million, a PE ratio of -11.05 and a beta of 0.69. 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 50 day simple moving average of C$1.06 and a two-hundred day simple moving average of C$0.87.

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.

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