E3 Lithium (CVE:ETL) Sets New 12-Month Low – Time to Sell?

E3 Lithium Limited (CVE:ETL) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$0.57 and last traded at C$0.58, with a volume of 134,145 shares. The stock had previously closed at C$0.63.

Analyst Upgrades and Downgrades

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

E3 Lithium Stock Down 7.9%

The firm has a 50-day moving average of C$0.86 and a two-hundred day moving average of C$1.06. The company has a current ratio of 1.59, a quick ratio of 3.82 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of C$51.02 million, a PE ratio of -8.29 and a beta of 0.78.

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.