Electra Battery Materials (NASDAQ:ELBM) Shares Down 2.4% – What’s Next?

Posted by Defense World Staff on May 24th, 2025

Electra Battery Materials Co. (NASDAQ:ELBM – Get Free Report) shares were down 2.4% during mid-day trading on Friday . The stock traded as low as $1.03 and last traded at $1.03. Approximately 16,876 shares traded hands during trading, a decline of 79% from the average daily volume of 79,790 shares. The stock had previously closed at $1.06.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on ELBM

Electra Battery Materials Price Performance

The company’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.48. The firm has a market cap of $18.50 million, a price-to-earnings ratio of -0.29 and a beta of 2.55. 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 (NASDAQ:ELBM – Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.50). On average, equities research analysts forecast that Electra Battery Materials Co. will post -1.72 EPS for the current year.

Institutional Trading of Electra Battery Materials

A hedge fund recently raised its stake in Electra Battery Materials stock. Scotia Capital Inc. boosted its position in Electra Battery Materials Co. (NASDAQ:ELBM – Free Report) by 53.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,766 shares of the company’s stock after acquiring an additional 23,290 shares during the quarter. Scotia Capital Inc. owned 0.45% of Electra Battery Materials worth $30,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.90% of the company’s stock.

About Electra Battery Materials

(Get Free Report)

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.