Elevra Lithium (NASDAQ:ELVR) Shares Gap Up – What’s Next?

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR)’s share price gapped up before the market opened on Monday . The stock had previously closed at $45.90, but opened at $50.76. Elevra Lithium shares last traded at $51.34, with a volume of 24,510 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELVR. BMO Capital Markets started coverage on shares of Elevra Lithium in a report on Thursday, January 29th. They set an “outperform” rating for the company. Weiss Ratings began coverage on Elevra Lithium in a research note on Friday, January 23rd. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Elevra Lithium Price Performance

The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Elevra Lithium

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC acquired a new position in shares of Elevra Lithium in the 4th quarter valued at about $202,000. Hamilton Capital Partners LLC acquired a new position in Elevra Lithium during the 4th quarter worth $263,000. Royce & Associates LP lifted its holdings in Elevra Lithium by 17.8% during the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock worth $2,787,000 after buying an additional 8,004 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Elevra Lithium in the fourth quarter worth $17,279,000.

About Elevra Lithium

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.