LPL Financial LLC Sells 71,000 Shares of Electra Battery Materials Co. (NASDAQ:ELBM)

LPL Financial LLC lessened its holdings in Electra Battery Materials Co. (NASDAQ:ELBM) by 45.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,630 shares of the company’s stock after selling 71,000 shares during the quarter. LPL Financial LLC owned 0.57% of Electra Battery Materials worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Electra Battery Materials Price Performance

Shares of NASDAQ ELBM opened at $1.08 on Friday. The stock’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.61. The firm has a market capitalization of $16.02 million, a P/E ratio of -0.30 and a beta of 2.57. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12. Electra Battery Materials Co. has a twelve month low of $0.91 and a twelve month high of $2.83.

Electra Battery Materials (NASDAQ:ELBM) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($4.73) by $4.29. As a group, equities analysts anticipate that Electra Battery Materials Co. will post -1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $2.40 price target on shares of Electra Battery Materials in a research note on Tuesday, March 18th.

Electra Battery Materials 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.