E3 Lithium (CVE:ETL) Sets New 1-Year Low – Should You Sell?

E3 Lithium Limited (CVE:ETL) hit a new 52-week low during trading on Friday . The company traded as low as C$0.69 and last traded at C$0.68, with a volume of 99575 shares trading hands. The stock had previously closed at C$0.72.

E3 Lithium Stock Performance

The firm has a 50-day simple moving average of C$0.80 and a two-hundred day simple moving average of C$0.96. The company has a current ratio of 12.10, a quick ratio of 3.82 and a debt-to-equity ratio of 1.05. The company has a market capitalization of C$51.18 million, a price-to-earnings ratio of -5.37 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.