E3 Lithium (CVE:ETL) Shares Down 6.8% – Time to Sell?

E3 Lithium Limited (CVE:ETLGet Free Report)’s stock price traded down 6.8% during mid-day trading on Friday . The stock traded as low as C$0.96 and last traded at C$0.96. 56,372 shares traded hands during trading, a decline of 55% from the average session volume of 125,936 shares. The stock had previously closed at C$1.03.

E3 Lithium Trading Down 6.8 %

The company has a current ratio of 31.63, a quick ratio of 3.82 and a debt-to-equity ratio of 1.07. The firm has a market cap of C$72.26 million, a PE ratio of -8.00 and a beta of 0.69. The business has a fifty day moving average price of C$1.16 and a 200 day moving average price of C$1.34.

E3 Lithium (CVE:ETLGet Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported C($0.03) EPS for the quarter, meeting the consensus estimate of C($0.03). Analysts forecast that E3 Lithium Limited will post -0.1 EPS for the current year.

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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