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Electra Battery Materials Corporation (ELBM): These Numbers are Too Good to be true
Let’s start up with the current stock price of Electra Battery Materials Corporation (ELBM), which is $1.69 to be very precise. The Stock rose vividly…
Let’s start up with the current stock price of Electra Battery Materials Corporation (ELBM), which is $1.69 to be very precise. The Stock rose vividly during the last session to $1.8148 after opening rate of $1.74 while the lowest price it went was recorded $1.67 before closing at $1.75.Recently in News on December 22, 2022, Electra Launches Battery Materials Recycling Demonstration Plant at its Ontario Refinery Complex. Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced the launch of a demonstration plant designed to recover and recycle high-value elements found in lithium-ion batteries, including nickel, cobalt, lithium, copper, and graphite at its refinery complex north of Toronto. You can read further details here
Electra Battery Materials Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.5800 on 04/29/22, with the lowest value was $1.6700 for the same time period, recorded on 12/23/22.
Electra Battery Materials Corporation (ELBM) full year performance was -62.44%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Electra Battery Materials Corporation shares are logging -69.71% during the 52-week period from high price, and -0.47% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.70 and $5.58.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 120341 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Electra Battery Materials Corporation (ELBM) recorded performance in the market was -61.76%, having the revenues showcasing -42.12% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 83.00M, as it employees total of 19 workers.
The Analysts eye on Electra Battery Materials Corporation (ELBM)
During the last month, 4 analysts gave the Electra Battery Materials Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.8713, with a change in the price was noted -2.13. In a similar fashion, Electra Battery Materials Corporation posted a movement of -55.76% for the period of last 100 days, recording 86,452 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ELBM is recording 0.27 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.27.
Technical rundown of Electra Battery Materials Corporation (ELBM)
Raw Stochastic average of Electra Battery Materials Corporation in the period of last 50 days is set at 1.41%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 2.94%. In the last 20 days, the company’s Stochastic %K was 9.73% and its Stochastic %D was recorded 12.08%.
Considering, the past performance of Electra Battery Materials Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -61.76%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -49.25%, alongside a downfall of -62.44% for the period of the last 12 months. The shares increased approximately by -3.98% in the 7-day charts and went up by -27.16% in the period of the last 30 days. Common stock shares were lifted by -42.12% during last recorded quarter.
