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E3 Lithium (CVE:ETL) Stock Price Up 21.1% - Should You Buy?

E3 Lithium logo with Basic Materials background

Shares of E3 Lithium Limited (CVE:ETL - Get Free Report) rose 21.1% on Thursday . The company traded as high as C$1.64 and last traded at C$1.55. Approximately 809,715 shares changed hands during 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 Stock Performance

The stock has a market capitalization of C$107.64 million, a PE ratio of -11.28 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 firm has a 50 day moving average of C$0.85 and a 200-day moving average of C$0.82.

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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