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E3 Lithium (CVE:ETL) Shares Up 50% - Should You Buy?

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report) shares were up 50% on Tuesday . The stock traded as high as C$0.93 and last traded at C$0.93. Approximately 554,532 shares traded hands during trading, an increase of 498% from the average daily volume of 92,759 shares. The stock had previously closed at C$0.62.

E3 Lithium Stock Up 2.2%

The stock has a fifty day moving average of C$0.69 and a 200-day moving average of C$0.84. The firm has a market capitalization of C$68.50 million, a price-to-earnings ratio of -7.18 and a beta of 0.69. 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

(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.

Further Reading

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