E3 Lithium (CVE:ETL) Stock Price Target Cut by ATB Cormark Capital Markets

E3 Lithium (CVE:ETL) had its price target cut by analysts at ATB Cormark Capital Markets from C$4.00 to C$3.75 in a report issued on Wednesday, BayStreet reports. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 428.17% from the stock’s previous close.

E3 Lithium Trading Down 4.7%

E3 Lithium stock traded down C$0.04 during trading on Wednesday, hitting C$0.71. The company’s stock had a trading volume of 250,208 shares, compared to its average volume of 147,762. The stock’s fifty day moving average is C$1.00 and its 200 day moving average is C$1.11. E3 Lithium has a 1-year low of C$0.71 and a 1-year high of C$1.53. The stock has a market capitalization of C$62.45 million, a price-to-earnings ratio of -10.14 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.82 and a current ratio of 1.59.

About E3 Lithium

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.