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E3 Lithium (CVE:ETL) Trading 16.1% Higher - Here's Why

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price shot up 16.1% during mid-day trading on Monday . The stock traded as high as C$0.73 and last traded at C$0.72. 256,966 shares traded hands during trading, an increase of 186% from the average session volume of 89,758 shares. The stock had previously closed at C$0.62.

E3 Lithium Trading Up 2.2%

The company has a market capitalization of C$68.50 million, a P/E ratio of -7.18 and a beta of 0.69. The business has a 50 day moving average price of C$0.69 and a 200 day moving average price of C$0.84. The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05.

E3 Lithium Company Profile

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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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