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E3 Lithium (CVE:ETL) Trading Down 19.1% - Here's What Happened

E3 Lithium logo with Basic Materials background

Key Points

  • E3 Lithium Limited shares dropped by 19.1% during mid-day trading, closing at C$1.14 after reaching a low of C$1.11.
  • The stock experienced a significant increase in trading volume, with 1,327,318 shares changing hands, a rise of 1,017% from its average volume.
  • E3 Lithium has a market cap of C$86.02 million and operates in the development and extraction of lithium properties in Alberta.
  • MarketBeat previews the top five stocks to own by November 1st.

E3 Lithium Limited (CVE:ETL - Get Free Report) dropped 19.1% on Thursday . The stock traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares changed hands during trading, an increase of 1,017% from the average daily volume of 118,872 shares. The stock had previously closed at C$1.41.

E3 Lithium Price Performance

The stock has a market cap of C$88.29 million, a P/E ratio of -8.36 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 12.10 and a quick ratio of 3.82. The business's fifty day moving average price is C$1.41 and its 200 day moving average price is C$1.04.

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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