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

E3 Lithium logo with Basic Materials background

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

E3 Lithium Stock Down 4.4%

The stock's 50-day moving average price is C$0.69 and its two-hundred day moving average price is C$0.84. The stock has a market capitalization of C$65.48 million, a PE ratio of -6.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.82 and a current ratio of 12.10.

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.

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