ASX:ELVMetals and Mining
Elevra Lithium (ASX:ELV) Shares Drift Lower Despite Profit Rebound
Elevra Lithium closed at A$8.30 after a choppy week that left the stock down about 9% over seven days and still deep in the red over three months. The share price looks tired. The earnings do not. The headline this season is a clean swing into profit, with underlying group EBITDA moving into the black and reported profit supported by a large impairment reversal at the flagship North American Lithium operation.
In the short term, traders are focused on the drawdown from the recent peak. Long...