ATB Cormark Capital Markets Cuts E3 Lithium (CVE:ETL) Price Target to C$3.75

E3 Lithium (CVE:ETL) had its price objective lowered by ATB Cormark Capital Markets from C$4.00 to C$3.75 in a report issued on Wednesday morning,BayStreet reports.

E3 Lithium Trading Down 3.8%

CVE ETL opened at C$0.64 on Wednesday. The company has a quick ratio of 3.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. E3 Lithium has a 52 week low of C$0.64 and a 52 week high of C$1.48. The business has a 50 day moving average price of C$0.97 and a 200-day moving average price of C$1.10. The company has a market cap of C$56.30 million, a price-to-earnings ratio of -9.14 and a beta of 0.69.

About E3 Lithium

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.