E3 Lithium (CVE:ETL) Stock Price Down 0.8% – Here’s Why

E3 Lithium Limited (CVE:ETL) shares traded down 0.8% during mid-day trading on Tuesday . The company traded as low as C$1.17 and last traded at C$1.19. 64,505 shares traded hands during trading, a decline of 56% from the average session volume of 145,789 shares. The stock had previously closed at C$1.20.

E3 Lithium Trading Down 0.8%

The stock has a market capitalization of C$104.34 million, a P/E ratio of -17.00 and a beta of 0.31. The stock’s fifty day moving average price is C$1.20 and its 200 day moving average price is C$1.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.03 and a quick ratio of 3.82.

Insider Transactions at E3 Lithium

In other E3 Lithium news, Director Christopher Doornbos sold 52,874 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of C$1.15, for a total value of C$60,805.10. Following the transaction, the director directly owned 1,538,260 shares in the company, valued at C$1,768,999. This represents a 3.32% decrease in their position. 2.89% of the stock is currently owned by company insiders.

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.