E3 Lithium (CVE:ETL) Trading 9.2% Higher - Here's Why

Key Points

• E3 Lithium Limited saw its share price increase by 9.2%, reaching a high of C$1.50 before closing at C$1.43, significantly above its previous close of C$1.31.
• The company experienced a trading volume of 262,117 shares, marking a 137% increase from its average session volume.
• E3 Lithium, based in Calgary, focuses on the development and extraction of lithium properties in Alberta and was formerly known as E3 Metals Corp.

E3 Lithium Limited (CVE:ETL - )'s share price traded up 9.2% during trading on Monday . The stock traded as high as C$1.50 and last traded at C$1.43. 262,117 shares were traded during trading, an increase of 137% from the average session volume of 110,820 shares. The stock had previously closed at C$1.31.

E3 Lithium Price Performance

The firm has a market cap of C$107.91 million, a price-to-earnings ratio of -10.21 and a beta of 1.09. 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 50 day moving average of C$1.41 and a 200 day moving average of C$0.99.

About E3 Lithium

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.