E3 Lithium (CVE:ETL) Shares Down 2.8% – Here’s Why

E3 Lithium Limited (CVE:ETLGet Free Report) fell 2.8% during trading on Friday . The company traded as low as C$1.02 and last traded at C$1.04. 99,169 shares changed hands during trading, a decline of 22% from the average daily volume of 127,930 shares. The stock had previously closed at C$1.07.

E3 Lithium Price Performance

The stock has a fifty day moving average of C$1.09 and a two-hundred day moving average of C$1.14. The stock has a market capitalization of C$91.19 million, a price-to-earnings ratio of -14.86 and a beta of 0.15. The company has a current ratio of 1.59, a quick ratio of 3.82 and a debt-to-equity ratio of 1.28.

About E3 Lithium

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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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