E3 Lithium (CVE:ETL) Hits New 1-Year Low – Should You Sell?

E3 Lithium Limited (CVE:ETL) hit a new 52-week low on Thursday. The company traded as low as C$0.57 and last traded at C$0.57, with a volume of 73,126 shares traded. The stock had previously closed at C$0.59.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets reduced their price objective on shares of E3 Lithium from C$4.00 to C$3.75 in a research report on Wednesday, September 30th.

E3 Lithium Stock Down 1.7%

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.59 and a quick ratio of 3.82. The company has a market cap of C$51.02 million, a P/E ratio of -8.29 and a beta of 0.65. The stock has a 50-day moving average of C$0.72 and a 200 day moving average of C$1.04.

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.