Elevra Lithium (NASDAQ:ELVR) Shares Down 5% – Here’s What Happened

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR)’s share price was down 5% during trading on Monday . The stock traded as low as $91.25 and last traded at $91.6850. Approximately 13,852 shares traded hands during trading, a decline of 84% from the average daily volume of 85,776 shares. The stock had previously closed at $96.56.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ELVR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Elevra Lithium in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Elevra Lithium from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, 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. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Elevra Lithium currently has an average rating of “Hold”.

Elevra Lithium Price Performance

The firm has a 50-day moving average price of $62.90. The company has a quick ratio of 1.21, a current ratio of 1.67 and a debt-to-equity ratio of 0.02.

Elevra Lithium (NASDAQ:ELVR) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $387.15 earnings per share (EPS) for the quarter. The company had revenue of $43.12 million during the quarter.

Insider Activity

In other news, COO Sylvain Collard sold 41,561 shares of Elevra Lithium stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $5.77, for a total value of $239,806.97. Following the completion of the transaction, the chief operating officer owned 42,562 shares of the company’s stock, valued at $245,582.74. The trade was a 49.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Elevra Lithium

A number of hedge funds have recently added to or reduced their stakes in ELVR. Main Street Group LTD purchased a new position in Elevra Lithium in the 1st quarter worth approximately $27,000. Eagle Global Advisors LLC purchased a new position in Elevra Lithium in the 4th quarter worth approximately $202,000. Hamilton Capital Partners LLC purchased a new position in Elevra Lithium in the 4th quarter worth approximately $263,000. LPL Financial LLC purchased a new position in Elevra Lithium in the 4th quarter worth approximately $309,000. Finally, Quadrature Capital Ltd purchased a new position in Elevra Lithium in the 4th quarter worth approximately $536,000.

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.