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E3 Lithium (CVE:ETL) Stock Price Up 50% - What's Next?

E3 Lithium logo with Basic Materials background

Shares of E3 Lithium Limited (CVE:ETL - Get Free Report) were up 50% on Monday . The company 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 Trading Down 4.4%

The firm has a market capitalization of C$65.48 million, a price-to-earnings ratio of -6.86 and a beta of 0.69. The business has a 50-day moving average of C$0.69 and a two-hundred day moving average of C$0.84. The company has a quick ratio of 3.82, a current ratio of 12.10 and a debt-to-equity ratio of 1.05.

About E3 Lithium

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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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