Electra Battery Materials (NASDAQ:ELBM) Stock Price Down 1.4% – Here’s Why

Electra Battery Materials Co. (NASDAQ:ELBM) shares fell 1.4% during trading on Monday . The stock traded as low as $1.44 and last traded at $1.46. 11,425 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 49,333 shares. The stock had previously closed at $1.48.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on shares of Electra Battery Materials from $5.60 to $5.20 and set a “buy” rating on the stock in a report on Wednesday, November 27th.

Electra Battery Materials Stock Performance

The stock has a market capitalization of $21.61 million, a PE ratio of -0.41 and a beta of 2.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a 50 day moving average of $1.70 and a 200-day moving average of $1.95.

About Electra Battery Materials

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.