E3 Lithium (CVE:ETL) Trading 2.6% Higher – Time to Buy?

E3 Lithium Limited (CVE:ETL) shares shot up 2.6% on Friday . The stock traded as high as C$1.23 and last traded at C$1.19. 258,744 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 126,384 shares. The stock had previously closed at C$1.16.

E3 Lithium Price Performance

The company’s 50-day moving average price is C$1.24 and its two-hundred day moving average price is C$1.42. The company has a market cap of C$89.57 million, a P/E ratio of -9.92 and a beta of 0.69. The company has a current ratio of 31.63, a quick ratio of 3.82 and a debt-to-equity ratio of 1.07.

E3 Lithium (CVE:ETL) last released its earnings results on Thursday, August 29th. The company reported C($0.03) earnings per share for the quarter, hitting the consensus estimate of C($0.03). As a group, sell-side analysts expect that E3 Lithium Limited will post -0.1 earnings per share for the current year.

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.