Elevra Lithium (NASDAQ:ELVR) Shares Gap Up – Still a Buy?

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $50.15, but opened at $52.02. Elevra Lithium shares last traded at $51.73, with a volume of 12,384 shares traded.

Analysts Set New Price Targets

ELVR has been the subject of several research reports. Weiss Ratings assumed coverage on Elevra Lithium in a research note on Friday, January 23rd. They issued a “sell (d-)” rating for the company. Wall Street Zen raised Elevra Lithium from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, BMO Capital Markets started coverage on Elevra Lithium in a research report on Thursday, January 29th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Elevra Lithium Trading Up 4.6%

The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 0.02.

Elevra Lithium (NASDAQ:ELVR) last released its quarterly earnings data on Thursday, February 26th. The company reported $387.15 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC acquired a new stake in Elevra Lithium in the fourth quarter worth $202,000. Hamilton Capital Partners LLC acquired a new position in shares of Elevra Lithium in the 4th quarter valued at $263,000. LPL Financial LLC acquired a new position in shares of Elevra Lithium in the 4th quarter valued at $309,000. Quadrature Capital Ltd bought a new stake in shares of Elevra Lithium in the 4th quarter valued at $536,000. Finally, Jane Street Group LLC increased its position in shares of Elevra Lithium by 19.2% in the 4th quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock valued at $1,449,000 after buying an additional 4,433 shares in the last quarter.

About Elevra Lithium

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.