E3 Lithium (TSXV:ETL) - Stock Price, News & Analysis

ETL Stock Overview

Engages in the development and extraction of lithium resources in Alberta. More details

ETL fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (CA$74M)

E3 Lithium Limited Competitors

Alpha Exploration

TSXV:ALEX

CA$78.0m

Doubleview Gold

TSXV:DBG

CA$71.3m

Midnight Sun Mining

TSXV:MMA

CA$73.4m

International Battery Metals

TSXV:IBAT

CA$72.9m

Price History & Performance

Summary of all time highs, changes and price drops for E3 Lithium
Historical stock prices
Current Share Price	CA$1.04
52 Week High	CA$2.65
52 Week Low	CA$0.92
Beta	0.66
11 Month Change	-11.11%
3 Month Change	-26.24%
1 Year Change	-60.00%
33 Year Change	-60.90%
5 Year Change	170.13%
Change since IPO	131.11%

We're Keeping An Eye On E3 Lithium's (CVE:ETL) Cash Burn Rate

Jul 18

Recent updates

We're Keeping An Eye On E3 Lithium's (CVE:ETL) Cash Burn Rate

Jul 18

Here's Why We're Not Too Worried About E3 Lithium's (CVE:ETL) Cash Burn Situation

Apr 04

Shareholder Returns

	ETL	CA Metals and Mining	CA Market
7D	8.3%	6.6%	2.1%
1Y	-60.0%	32.1%	23.4%

Return vs Industry: ETL underperformed the Canadian Metals and Mining industry which returned 31.8% over the past year.

Return vs Market: ETL underperformed the Canadian Market which returned 23.1% over the past year.

Price Volatility

Is ETL's price volatile compared to industry and market?
ETL volatility
ETL Average Weekly Movement	7.1%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: ETL has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: ETL's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Chris Doornbos	www.e3lithium.ca

E3 Lithium Limited engages in the development and extraction of lithium resources in Alberta. It develops the Clearwater Lithium project located in the Bashaw District; and the Leduc brines. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022.

E3 Lithium Limited Fundamentals Summary

How do E3 Lithium's earnings and revenue compare to its market cap?
ETL fundamental statistics
Market cap	CA$73.76m
Earnings (TTM)	-CA$9.40m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.3x

P/E Ratio

Is ETL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETL income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$9.40m
Earnings	-CA$9.40m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did ETL perform over the long term?

See historical performance and comparison

ETL Stock Overview

Risk Analysis

E3 Lithium Limited Competitors

TSXV:ALEX

CA$78.0m

TSXV:DBG

CA$71.3m

TSXV:MMA

CA$73.4m

TSXV:IBAT

CA$72.9m

Price History & Performance

Recent News & Updates

E3 Lithium Ltd. Outlines Demonstration Program Objectives to Advance Lithium Production in Alberta

E3 Lithium Successfully Completes the Pilot Project Funded by Natural Resources Canada and Receives Final Payment

E3 Lithium Plans to Construct A Fully Integrated Lithium Demonstration Facility

We're Keeping An Eye On E3 Lithium's (CVE:ETL) Cash Burn Rate

E3 Lithium Limited Announces Board Changes

Price target decreased by 25% to CA$6.20

Recent updates

E3 Lithium Ltd. Outlines Demonstration Program Objectives to Advance Lithium Production in Alberta

E3 Lithium Successfully Completes the Pilot Project Funded by Natural Resources Canada and Receives Final Payment

E3 Lithium Plans to Construct A Fully Integrated Lithium Demonstration Facility

We're Keeping An Eye On E3 Lithium's (CVE:ETL) Cash Burn Rate

E3 Lithium Limited Announces Board Changes

Price target decreased by 25% to CA$6.20

E3 Lithium Ltd Announces the Summary of Key Results from the Pre-Feasibility Study for its Clearwater Project, Located in South-Central Alberta

Price target decreased by 8.3% to CA$7.90

E3 Lithium Outlines Inaugural 2.5 Mt LCE Inferred Mineral Resource within the Estevan Lithium District in Saskatchewan

E3 Lithium Limited's Laboratory to Expand to Include Production of Lithium Carbonate

E3 Lithium Limited, Annual General Meeting, Jul 16, 2024

Here's Why We're Not Too Worried About E3 Lithium's (CVE:ETL) Cash Burn Situation

E3 Lithium Limited Appoints Hon. Sonya Savage, to the Board of Directors

E3 Lithium Provides Update on Technology Selections for First Commercial Lithium

New minor risk - Market cap size

E3 Lithium Ltd. Discovers Lithium Concentrations as High as 87 Mg/L in the Nisku Aquifer

CEO, President & Director recently bought CA$138k worth of stock

Independent Director exercised options and sold CA$55k worth of stock

E3 Lithium Limited Announces Director Appointments

E3 Lithium Limited Announces Director Appointments

CEO, President & Director exercised options and sold CA$288k worth of stock

CEO, President & Director recently bought CA$283k worth of stock

Independent Director exercised options to buy CA$299k worth of stock.

E3 Lithium Ltd. Outlines the Performance of Its Dle Pilot Against Kpis

CEO, President & Director recently sold CA$63k worth of stock

E3 Lithium Limited Produces Battery Quality Lithium Hydroxide Monohydrate With Purity of 99.78%

Less than half of directors are independent

Price target decreased by 19% to CA$10.07

E3 Lithium Welcomes Alexandra Cattelan, to Its Board of Directors

E3 Lithium Limited Completes Initial Field Pilot Plant Tests and Shares Results Against KPIs

Key Executive exercised options and sold CA$84k worth of stock

Independent Director recently sold CA$103k worth of stock

E3 Lithium Limited Provides Continued Preliminary Results from the Field Pilot Plant

E3 Lithium Ltd. Provides Preliminary Results from the First Test Sequence At the Field Pilot Plant

Price target increased by 9.5% to CA$11.50

E3 Lithium Limited Advances Lithium Production Testing and Provides Field Pilot Plant Commissioning Update

Key Executive exercised options to buy CA$524k worth of stock.

E3 Lithium Limited Announces Pilot Progress Update

Chief Development Officer recently bought CA$113k worth of stock

E3 Lithium Ltd. Begins Field Pilot Plant Site

CEO, President & Director recently bought CA$780k worth of stock

Price target increased by 19% to CA$9.35

E3 Lithium Limited Announces Concentration Results from Third Well Demonstrate Consistency

E3 Lithium Limited Outlines Lithium Results from Second Well Demonstrating Up to 82 Mg/L

Price target increased to CA$7.85

E3 Lithium Announces Concentration Results from First Well

E3 Lithium Completes Production Test on First Well to Positive Results

E3 Lithium Limited (TSXV:ETL) acquired A Third-party Well in Clearwater Project Area within the Bashaw District.

E3 Lithium Limited Outlines Drilling Update

We're Hopeful That E3 Lithium (CVE:ETL) Will Use Its Cash Wisely

E3 Lithium Completes First Production of Commercial Scale Sorbent

E3 Lithium Limited Finishes Drilling First Well and Begins Completion and Sampling Program

E3 Lithium Limited Announces Executive Changes

E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District

E3 Lithium Begins Drilling First Lithium Evaluation Well in Alberta

E3 Metals Corp. announced that it expects to receive CAD 6.350001 million in funding from Imperial Oil Limited

E3 Lithium to Drill First of its Kind Well in Alberta

Price target increased to CA$6.99

E3 Metals Initiates Design of Field Pilot

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