Electra Battery Materials (ELBM) to Release Quarterly Earnings on Tuesday

Electra Battery Materials (NASDAQ:ELBM) will issue its quarterly earnings data after the market closes on Tuesday, November 14th.

Electra Battery Materials (NASDAQ:ELBM) last announced its quarterly earnings data on Thursday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Electra Battery Materials Stock Down 2.8 %

Shares of NASDAQ ELBM opened at $0.50 on Friday. Electra Battery Materials has a 52-week low of $0.42 and a 52-week high of $2.85. The firm has a fifty day moving average of $0.58 and a 200-day moving average of $0.97. The stock has a market capitalization of $17.76 million, a PE ratio of -1.22 and a beta of 2.88. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.44.

Institutional Trading of Electra Battery Materials

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Electra Battery Materials during the 2nd quarter worth $47,000. Jefferies Financial Group Inc. acquired a new position in Electra Battery Materials in the 4th quarter worth $43,000. Northern Trust Corp acquired a new position in Electra Battery Materials in the 2nd quarter worth $114,000. JPMorgan Chase & Co. acquired a new position in Electra Battery Materials in the 4th quarter worth $202,000. Finally, Advisor Group Holdings Inc. lifted its holdings in Electra Battery Materials by 138.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 248,480 shares of the company’s stock worth $413,000 after buying an additional 144,480 shares in the last quarter. 1.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ELBM has been the subject of several research reports. Alliance Global Partners lowered their price objective on shares of Electra Battery Materials from $4.50 to $2.25 and set a “buy” rating for the company in a research note on Monday, August 21st. HC Wainwright decreased their price target on shares of Electra Battery Materials from $4.50 to $2.50 and set a “buy” rating for the company in a research report on Monday, August 21st.

Electra Battery Materials Company Profile

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.