Readystate Asset Management LP Has $5.58 Million Holdings in Elevra Lithium Limited – Sponsored ADR $ELVR

Readystate Asset Management LP lessened its stake in Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) by 20.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,646 shares of the company’s stock after selling 23,662 shares during the quarter. Readystate Asset Management LP’s holdings in Elevra Lithium were worth $5,575,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in Elevra Lithium by 8.7% during the first quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company’s stock worth $761,000 after buying an additional 1,036 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Elevra Lithium in the 1st quarter valued at about $220,000. Main Street Group LTD bought a new stake in shares of Elevra Lithium in the 1st quarter valued at about $27,000. Hsbc Holdings PLC raised its position in shares of Elevra Lithium by 70.6% in the 1st quarter. Hsbc Holdings PLC now owns 51,604 shares of the company’s stock valued at $3,045,000 after acquiring an additional 21,363 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Elevra Lithium during the 4th quarter worth approximately $536,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Elevra Lithium has an average rating of “Hold”.

Elevra Lithium Stock Performance

ELVR opened at $52.85 on Wednesday. Elevra Lithium Limited – Sponsored ADR has a 12 month low of $15.55 and a 12 month high of $102.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.21. The company has a fifty day moving average price of $74.33.

Elevra Lithium Company Profile

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.