E3 Lithium (CVE:ETL) Reaches New 12-Month Low – Here’s Why

E3 Lithium Limited (CVE:ETL)’s share price hit a new 52-week low on Monday. The company traded as low as C$0.63 and last traded at C$0.65, with a volume of 63787 shares trading hands. The stock had previously closed at C$0.64.

Analyst Upgrades and Downgrades

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

E3 Lithium Stock Up 1.6%

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 capitalization of C$57.18 million, a PE ratio of -9.29 and a beta of 0.69. The business’s 50 day simple moving average is C$0.97 and its 200 day simple moving average is C$1.10.

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.