Elevra Lithium (NASDAQ:ELVR) Trading Up 7.6% – Still a Buy?

Shares of Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) rose 7.6% during trading on Tuesday . The stock traded as high as $85.09 and last traded at $84.23. Approximately 204,411 shares were traded during trading, an increase of 82% from the average session volume of 112,168 shares. The stock had previously closed at $78.29.

Analysts Set New Price Targets

A number of research firms have weighed in on ELVR. Weiss Ratings reaffirmed 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 note on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Elevra Lithium Stock Down 8.0%

The company has a quick ratio of 1.21, a current ratio of 1.67 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $84.80.

Insider Transactions at Elevra Lithium

In related news, COO Sylvain Collard sold 41,561 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $5.77, for a total transaction of $239,806.97. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hamilton Capital Partners LLC acquired a new stake in shares of Elevra Lithium in the fourth quarter worth $263,000. Eagle Global Advisors LLC acquired a new position in shares of Elevra Lithium during the 4th quarter valued at $202,000. Legal & General Group Plc purchased a new stake in Elevra Lithium during the 4th quarter worth $17,279,000. Royce & Associates LP increased its holdings in Elevra Lithium by 17.8% in the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after purchasing an additional 8,004 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Elevra Lithium in the 4th quarter valued at $309,000.

About Elevra Lithium

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.