Elevra Lithium (NASDAQ:ELVR) Stock Price Down 8.6% – What’s Next?

Shares of Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) fell 8.6% during trading on Wednesday . The company traded as low as $88.54 and last traded at $89.4090. 72,017 shares were traded during trading, a decline of 16% from the average session volume of 86,044 shares. The stock had previously closed at $97.81.

Analysts Set New Price Targets

Several research firms have weighed in on ELVR. Weiss Ratings reissued a “sell (d-)” rating on shares of Elevra Lithium in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of Elevra Lithium from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, BMO Capital Markets started coverage on Elevra Lithium in a research report on Thursday, January 29th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Elevra Lithium Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.21. The firm has a 50-day simple moving average of $67.22.

Elevra Lithium (NASDAQ:ELVR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $387.15 earnings per share (EPS) for the quarter. The firm had revenue of $43.12 million during the quarter.

Insider Activity

In other news, COO Sylvain Collard sold 41,561 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.77, for a total transaction of $239,806.97. Following the sale, the chief operating officer owned 42,562 shares of the company’s stock, valued at approximately $245,582.74. This represents a 49.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Elevra Lithium

A number of hedge funds have recently added to or reduced their stakes in ELVR. Main Street Group LTD purchased a new position in Elevra Lithium in the 1st quarter valued at approximately $27,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Elevra Lithium in the first quarter valued at $220,000. Eagle Global Advisors LLC purchased a new position in Elevra Lithium in the fourth quarter valued at $202,000. Hamilton Capital Partners LLC purchased a new position in Elevra Lithium in the fourth quarter valued at $263,000. Finally, LPL Financial LLC acquired a new position in Elevra Lithium during the 4th quarter worth $309,000.

Elevra Lithium Company Profile

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.