Elevra Lithium (NASDAQ:ELVR) Shares Gap Down – Here’s What Happened

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $56.86, but opened at $51.59. Elevra Lithium shares last traded at $51.54, with a volume of 2,958 shares.

Analyst Ratings Changes

Several research firms have issued reports on ELVR. BMO Capital Markets started coverage on Elevra Lithium in a report on Thursday, January 29th. They set an “outperform” rating for the company. Weiss Ratings began coverage on Elevra Lithium in a research note on Friday, January 23rd. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Elevra Lithium Stock Down 2.4%

The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Elevra Lithium

A number of large investors have recently made changes to their positions in ELVR. Legal & General Group Plc acquired a new stake in shares of Elevra Lithium in the 4th quarter worth $17,279,000. Royce & Associates LP increased its position in Elevra Lithium by 17.8% during the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after buying an additional 8,004 shares in the last quarter. Jane Street Group LLC raised its stake in Elevra Lithium by 19.2% in the fourth 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 during the last quarter. Quadrature Capital Ltd acquired a new stake in Elevra Lithium in the fourth quarter worth about $536,000. Finally, LPL Financial LLC purchased a new stake in shares of Elevra Lithium during the fourth quarter worth about $309,000.

Elevra Lithium Company Profile

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.