E3 Lithium (CVE:ETL) Shares Up 20.2% – Still a Buy?

E3 Lithium Limited (CVE:ETLGet Free Report) shares were up 20.2% during trading on Monday . The company traded as high as C$0.75 and last traded at C$0.75. Approximately 336,466 shares traded hands during trading, an increase of 272% from the average daily volume of 90,568 shares. The stock had previously closed at C$0.62.

E3 Lithium Price Performance

The firm has a market capitalization of C$56.45 million, a PE ratio of -5.92 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 company has a fifty day moving average price of C$0.68 and a two-hundred day moving average price of C$0.84.

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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