E3 Lithium (CVE:ETL) Stock Price Down 3.6% – Should You Sell?

E3 Lithium Limited (CVE:ETL)’s share price was down 3.6% on Thursday . The company traded as low as C$1.07 and last traded at C$1.08. Approximately 50,807 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 180,667 shares. The stock had previously closed at C$1.12.

E3 Lithium Stock Performance

The stock has a market cap of C$93.77 million, a price-to-earnings ratio of -8.31 and a beta of 0.56. 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 firm has a fifty day simple moving average of C$1.04 and a 200-day simple moving average of C$1.17.

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.