E3 Lithium (CVE:ETL) Trading Down 19.1% - What's Next?

Key Points

• E3 Lithium Limited's shares fell by 19.1% to C$1.14 during trading, with volume significantly higher than average at approximately 1.3 million shares traded.
• The company has a market cap of C$88.29 million and a price-to-earnings ratio of -8.36.
• E3 Lithium is focused on the development and extraction of lithium properties in Alberta and recently rebranded from E3 Metals Corp in July 2022.

E3 Lithium Limited (CVE:ETL - ) shares were down 19.1% during trading on Thursday . The stock traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares traded 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 Stock Up 2.6%

The firm has a 50-day moving average price of C$1.41 and a two-hundred day moving average price of C$1.04. The firm has a market cap of C$88.29 million, a price-to-earnings ratio of -8.36 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.82 and a current ratio of 12.10.

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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