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Electra Battery Materials Corp ( (TSE:ELBM) ) just unveiled an announcement.
Electra Battery Materials Corporation has announced that the ongoing Canada Post strike has disrupted the mailing and delivery of materials for its upcoming Annual General and Special Meeting. The company is urging shareholders to vote promptly online or through other provided means to ensure their participation in the meeting, which is crucial for approving the company’s restructuring transactions. This restructuring aims to strengthen Electra’s financial foundation and advance its strategic priorities, including the election of new board members.
The most recent analyst rating on (TSE:ELBM) stock is a Buy with a C$2.20 price target. To see the full list of analyst forecasts on Electra Battery Materials Corp stock, see the TSE:ELBM Stock Forecast page.
Spark’s Take on TSE:ELBM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELBM is a Underperform.
Electra Battery Materials Corp’s overall stock score is low due to its severe financial difficulties, including no revenue and high losses, and negative valuation metrics. While technical analysis indicates a bearish trend, recent corporate events show potential for future growth, but they are insufficient to offset current financial and operational challenges.
To see Spark’s full report on TSE:ELBM stock, click here.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The company is developing the only cobalt sulfate refinery in North America, located in Ontario, and is involved in battery recycling and a cobalt-copper project in Idaho. Electra’s growth initiatives include integrating black mass recycling and evaluating nickel sulfate production opportunities.
Average Trading Volume: 87,594
Technical Sentiment Signal: Sell
Current Market Cap: C$30.18M
See more data about ELBM stock on TipRanks’ Stock Analysis page.