E3 Lithium (CVE:ETL) Trading Down 22% – Here’s What Happened

E3 Lithium Limited (CVE:ETL – Get Free Report) shares dropped 22% on Thursday . The stock traded as low as C$0.73 and last traded at C$0.78. 1,695,940 shares changed hands during mid-day trading, an increase of 1,160% from the average session volume of 134,569 shares. The stock had previously closed at C$1.00.

E3 Lithium Stock Down 21.0%

The stock has a fifty day moving average of C$1.06 and a two-hundred day moving average of C$1.14. The company has a quick ratio of 3.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. The stock has a market cap of C$69.47 million, a price-to-earnings ratio of -11.29 and a beta of 0.69.

E3 Lithium Company Profile

(Get Free Report)

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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