E3 Lithium (CVE:ETL) Shares Down 1.1% – Here’s Why

E3 Lithium Limited (CVE:ETLGet Free Report) shares dropped 1.1% on Thursday . The company traded as low as C$0.84 and last traded at C$0.86. Approximately 56,882 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 88,193 shares. The stock had previously closed at C$0.87.

E3 Lithium Stock Down 1.1 %

The company has a market cap of C$64.73 million, a price-to-earnings ratio of -6.79 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. The business has a fifty day moving average price of C$0.93 and a two-hundred day moving average price of C$1.08.

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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