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E3 Lithium (CVE:ETL) Trading Up 50% - Still a Buy?

E3 Lithium logo with Basic Materials background

E3 Lithium Limited (CVE:ETL - Get Free Report)'s share price was up 50% on Tuesday . The company traded as high as C$0.93 and last traded at C$0.93. Approximately 554,532 shares were traded during mid-day 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 2.3%

The company has a quick ratio of 3.82, a current ratio of 12.10 and a debt-to-equity ratio of 1.05. The stock has a market cap of C$66.99 million, a P/E ratio of -7.02 and a beta of 0.69. The company's 50 day moving average price is C$0.69 and its two-hundred day moving average price is C$0.84.

About E3 Lithium

(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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