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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 share price traded up 50% during trading on Tuesday . The company traded as high as C$0.93 and last traded at C$0.93. 554,532 shares traded hands during 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 Up 2.3%

The firm has a market capitalization of C$66.99 million, a PE ratio of -7.02 and a beta of 0.69. The stock has a 50-day simple moving average of C$0.69 and a 200-day simple moving average of C$0.84. The company has a quick ratio of 3.82, a current ratio of 12.10 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.

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