E3 Lithium (CVE:ETL) Shares Down 19.1% – Should You Sell?

E3 Lithium Limited (CVE:ETLGet Free Report)’s share price was down 19.1% during mid-day trading on Thursday . The company traded as low as C$1.11 and last traded at C$1.14. Approximately 1,327,318 shares traded hands during trading, an increase of 1,017% from the average daily volume of 118,872 shares. The stock had previously closed at C$1.41.

E3 Lithium Price Performance

The firm has a market cap of C$89.04 million, a PE ratio of -8.43 and a beta of 0.94. The stock’s fifty day moving average price is C$1.40 and its 200-day moving average price is C$1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 12.10 and a quick ratio of 3.82.

About E3 Lithium

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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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