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

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

Analyst Upgrades and Downgrades

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

E3 Lithium Stock Performance

The firm has a fifty day simple moving average of C$0.97 and a 200-day simple moving average of C$1.10. The company has a quick ratio of 3.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. The company has a market cap of C$57.18 million, a PE ratio of -9.29 and a beta of 0.69.

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.