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E3 Lithium
(ETL)
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Rating:44Neutral
Price Target:
C$1.00
▼(-9.09% 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
Conservative balance sheet / low leverage
Extremely low debt reduces solvency and refinancing risk for a pre-revenue developer. With minimal leverage, the company has greater flexibility to pursue project financing, joint ventures or staged development without large fixed interest burdens, preserving runway during resource advancement.
Negative Factors
No revenue / persistent net losses
The company remains pre-commercial with no revenue and recurring net losses, meaning operating economics are unproven. Persistent losses limit internal funding capacity, increase reliance on external capital, and extend the timeline before the business can demonstrate sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Extremely low debt reduces solvency and refinancing risk for a pre-revenue developer. With minimal leverage, the company has greater flexibility to pursue project financing, joint ventures or staged development without large fixed interest burdens, preserving runway during resource advancement.
Read all positive factors
E3 Lithium (ETL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$92.07M
Dividend YieldN/A
Average Volume (3M)127.45K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue GrowthN/A
EPS Growth42.53%
CountryCA
Employees35
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 Upside195.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.12
Revenue Forecast (FY)N/A
E3 Lithium Business Overview & Revenue Model
Company Description
E3 Lithium Ltd., formerly E3 Metals Corp. until its rebranding in July 2022, is a natural resources enterprise. The company's core activity revolves around developing innovative technologies for extracting lithium from the brine reserves found wit...
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
Negative
1.10
Price Trends
1.12
Negative
1.16
Negative
1.11
Negative
Market Momentum
-0.03
Negative
43.19
Neutral
60.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETL, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.12, and below the 200-day MA of 1.11, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 60.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$127.30M | -32.57 | -9.03% | ― | ― | -159.22% | |
47 Neutral | C$47.84M | -21.72 | -3.42% | ― | ― | 27.81% | |
47 Neutral | C$41.51M | -11.63 | -51.29% | ― | ― | 81.71% | |
45 Neutral | C$85.20M | -6.73 | -34.81% | ― | ― | 22.20% | |
44 Neutral | C$92.07M | -13.49 | -12.59% | ― | ― | 42.53% |
* Basic Materials Sector Average
TSE:ETL
E3 Lithium
1.06
-0.49
-31.49%
TSE:LCE
Century Lithium
0.27
-0.01
-3.64%
TSE:LITH
Lithium Chile Inc
0.57
-0.04
-6.56%
TSE:RCK
Rock Tech Lithium
0.71
-0.23
-24.47%
TSE:LBNK
LithiumBank Resources Corp.
0.68
0.38
126.67%
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.