E3 Lithium (TSE:ETL)
:ETL
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E3 Lithium
(ETL)
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Rating:44Neutral
Price Target:
C$1.00
▼(-20.63% Downside)
Action:Reiterated
Date:05/25/26
The score is driven mainly by weak financial performance (no revenue, ongoing losses, and continued cash burn), only partially mitigated by a low-debt balance sheet. Technicals are slightly negative/indecisive with weak momentum, and valuation metrics are not supportive due to a negative P/E and no dividend yield.
Positive Factors
Low Financial Leverage
A conservatively levered balance sheet with minimal debt reduces refinancing and interest-rate risks during the multi-year development phase. This gives management flexibility to fund pilot and development activities from equity or modest financing without heavy fixed-charge pressure, supporting project execution durability.
Negative Factors
No Revenue / Pre-commercial
The absence of revenue and continued net losses confirm a pre-commercial business model, raising execution and timeline risk. Until production or offtake is secured, revenue visibility is limited, making long-term value dependent on successful project de-risking and scale-up rather than current cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A conservatively levered balance sheet with minimal debt reduces refinancing and interest-rate risks during the multi-year development phase. This gives management flexibility to fund pilot and development activities from equity or modest financing without heavy fixed-charge pressure, supporting project execution durability.
Read all positive factors
E3 Lithium (ETL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$105.22M
Dividend YieldN/A
Average Volume (3M)127.45K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS Growth42.53%
CountryCA
Employees29
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.08
Shares Outstanding87,683,070
10 Day Avg. Volume145,492
30 Day Avg. Volume127,449
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.30
Price to Sales (P/S)0.00
P/FCF Ratio-14.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.25Price Target Upside157.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.11
Revenue Forecast (FY)N/A
E3 Lithium Business Overview & Revenue Model
Company Description
E3 Lithium Ltd., a resource company with mineral properties, focuses on technology development for lithium extraction from Alberta brines contained in its mineral properties. The company was formerly known as E3 Metals Corp. and changed its name t...
How the Company Makes Money
null...
E3 Lithium Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -380.00K | -267.00K | -179.00K | -175.00K | -128.00K |
| EBITDA | -9.75M | -9.38M | -9.60M | -6.73M | -4.63M |
| Net Income | -6.20M | -9.70M | -9.04M | -7.26M | -4.80M |
Balance Sheet | |||||
| Total Assets | 63.35M | 54.97M | 61.99M | 36.10M | 25.99M |
| Cash, Cash Equivalents and Short-Term Investments | 16.32M | 19.32M | 30.02M | 13.25M | 17.84M |
| Total Debt | 751.00K | 916.00K | 637.00K | 584.00K | 266.00K |
| Total Liabilities | 7.77M | 4.24M | 4.83M | 2.63M | 990.00K |
| Stockholders Equity | 55.58M | 50.73M | 57.15M | 33.47M | 25.00M |
Cash Flow | |||||
| Free Cash Flow | -5.11M | -6.98M | -8.41M | -9.47M | -5.58M |
| Operating Cash Flow | -5.09M | -6.68M | -5.86M | -5.49M | -2.85M |
| Investing Cash Flow | -8.46M | -10.71M | -13.81M | -12.71M | -3.36M |
| Financing Cash Flow | 10.55M | 6.69M | 36.44M | 13.60M | 17.33M |
E3 Lithium Technical Analysis
Neutral
1.26
Price Trends
1.19
Positive
1.16
Positive
1.16
Positive
Market Momentum
>-0.01
Positive
44.09
Neutral
25.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETL, the sentiment is Neutral. The current price of 1.26 is below the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.19, and above the 200-day MA of 1.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.09 is Neutral, neither overbought nor oversold. The STOCH value of 25.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ETL.
E3 Lithium Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$151.86M | 7.54 | 14.56% | ― | ― | -15.23% | |
52 Neutral | C$66.42M | -7.47 | -35.75% | ― | ― | 31.55% | |
49 Neutral | C$112.80M | -11.21 | -34.10% | ― | ― | 28.46% | |
47 Neutral | C$59.57M | -38.13 | -3.68% | ― | ― | 27.81% | |
44 Neutral | C$105.22M | -11.68 | -21.77% | ― | ― | 42.53% | |
42 Neutral | C$34.49M | -14.37 | -123.28% | ― | ― | -58.46% |
* Basic Materials Sector Average
TSE:ETL
E3 Lithium
1.20
0.27
29.03%
TSE:LCE
Century Lithium
0.33
-0.12
-26.67%
TSE:LITH
Lithium Chile Inc
0.68
0.15
28.30%
TSE:LIS
Lithium South Development
0.50
0.39
374.29%
TSE:RCK
Rock Tech Lithium
0.94
-0.03
-3.09%
TSE:LBNK
LithiumBank Resources Corp.
0.54
0.29
116.00%
E3 Lithium Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
E3 Lithium Releases 2025 Year-End Financial Results and Disclosure Documents
Positive
Apr 9, 2026
E3 Lithium has filed its consolidated financial statements for the year ended December 31, 2025, along with its Management’s Discussion and Analysis and Annual Information Form, making the documents available on SEDAR+ and the company’...
Business Operations and Strategy
E3 Lithium Strikes Strategic TKMS Pact to Supply Critical Minerals for Canada’s Submarine Push
Positive
Apr 8, 2026
E3 Lithium has signed a teaming agreement with Germany’s TKMS, a major naval shipbuilder, to create a strategic framework for integrating Canadian lithium into secure supply chains for defense and other strategic applications, particularly i...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
E3 Lithium Advances Clearwater Demonstration Facility and Ties Staff Incentives to Key Project Milestones
Positive
Mar 9, 2026
E3 Lithium is advancing Phase 2 of its demonstration facility east of Olds, Alberta, where it has drilled and is completing a new brine production and injection well pair targeting the Leduc reservoir. The program will generate key reservoir and b...
Business Operations and StrategyPrivate Placements and Financing
E3 Lithium Secures Conditional C$36.5 Million Federal Grant to Advance Clearwater Project
Positive
Mar 2, 2026
E3 Lithium has received conditional approval for up to C$36.5 million in non-repayable federal funding under Canada’s Global Partnerships Initiative to accelerate development of its Clearwater lithium project in Alberta. The support will cov...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.