Elevra Lithium (NASDAQ:ELVR) Shares Up 3.6% – Time to Buy?

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR)’s share price shot up 3.6% on Tuesday . The company traded as high as $61.07 and last traded at $61.24. Approximately 2,013 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 95,385 shares. The stock had previously closed at $59.09.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Elevra Lithium Price Performance

The stock has a 50-day moving average of $61.93 and a 200 day moving average of $67.43. 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 released its earnings results on Wednesday, August 5th. The company reported ($194.78) earnings per share (EPS) for the quarter. The business had revenue of $57.72 million for the quarter.

Hedge Funds Weigh In On Elevra Lithium

Large investors have recently bought and sold shares of the business. Legal & General Group Plc bought a new position in Elevra Lithium in the fourth quarter valued at approximately $17,279,000. Royce & Associates LP raised its position in shares of Elevra Lithium by 17.8% during the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after acquiring an additional 8,004 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Elevra Lithium by 70.6% during the 1st quarter. Hsbc Holdings PLC now owns 51,604 shares of the company’s stock valued at $3,045,000 after acquiring an additional 21,363 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Elevra Lithium by 19.2% in the 4th quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock valued at $1,449,000 after purchasing an additional 4,433 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Elevra Lithium by 8.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company’s stock valued at $761,000 after purchasing an additional 1,036 shares during the period.

Elevra Lithium Company Profile

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.