E3 Lithium (CVE:ETL) Shares Up 2.1% - Here's Why

Key Points

• E3 Lithium Limited shares increased by 2.1%, reaching a last traded price of C$1.49, despite a significant decline in trading volume, down 80% from the average.
• The company's financial metrics include a debt-to-equity ratio of 1.05 and a current ratio of 12.10, indicating strong liquidity.
• Previously known as E3 Metals Corp., E3 Lithium focuses on the development and extraction of lithium properties in Alberta, Canada.

E3 Lithium Limited (CVE:ETL - Get Free Report)'s stock price shot up 2.1% on Friday . The company traded as high as C$1.50 and last traded at C$1.49. 22,319 shares changed hands during trading, a decline of 80% from the average session volume of 111,692 shares. The stock had previously closed at C$1.46.

E3 Lithium Price Performance

The firm's fifty day simple moving average is C$1.33 and its 200-day simple moving average is C$0.94. The firm has a market capitalization of C$95.08 million, a PE ratio of -9.00 and a beta of 1.09. The company has a quick ratio of 3.82, a current ratio of 12.10 and a debt-to-equity ratio of 1.05.

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.