E3 Lithium (CVE:ETL) Shares Up 8.6% – Here’s What Happened
by Sarita Garza · The Markets DailyE3 Lithium Limited (CVE:ETL – Get Free Report) shares shot up 8.6% on Thursday . The stock traded as high as C$1.14 and last traded at C$1.14. 122,484 shares traded hands during trading, a decline of 22% from the average session volume of 156,071 shares. The stock had previously closed at C$1.05.
E3 Lithium Stock Performance
The stock has a market cap of C$98.98 million, a PE ratio of -8.77 and a beta of 0.04. The stock has a fifty day moving average of C$1.13 and a 200-day moving average of C$1.09. The company has a quick ratio of 3.82, a current ratio of 3.93 and a debt-to-equity ratio of 1.92.
Insider Buying and Selling at E3 Lithium
In other E3 Lithium news, Director Christopher Doornbos sold 52,874 shares of E3 Lithium stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of C$1.15, for a total value of C$60,805.10. Following the transaction, the director directly owned 1,538,260 shares in the company, valued at approximately C$1,768,999. This trade represents a 3.32% decrease in their position. Company insiders own 2.89% of the company’s stock.
E3 Lithium Company Profile
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.