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

Key Points

• E3 Lithium Limited shares fell 19.1% during mid-day trading, dropping to a low of C$1.11 and last trading at C$1.14.
• Trading volume surged to approximately 1,327,318 shares, a 1,017% increase compared to the average daily volume of 118,872 shares.
• The company specializes in the development and extraction of lithium properties in Alberta, Canada, and was formerly known as E3 Metals Corp.

Shares of E3 Lithium Limited (CVE:ETL - ) were down 19.1% during mid-day trading 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 mid-day 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 company has a market capitalization of C$88.29 million, a price-to-earnings ratio of -8.36 and a beta of 0.94. The stock has a fifty day simple moving average of C$1.41 and a 200-day simple moving average of C$1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 12.10 and a quick ratio of 3.82.

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.

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