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How to Buy Electra Battery Materials Stock

Electra Battery Materials Corp

Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits.

Electra Battery Materials stock last closed at $0.49, up 2.31% from the previous day, and has decreased 62.46% in one year. It has underperformed other stocks in the Other Industrial Metals & Mining industry by 0.42 percentage points. Electra Battery Materials stock is currently +57.42% from its 52-week low of $0.31, and -81.65% from its 52-week high of $2.66.

There are currently 55.85M shares of ELBM outstanding. The market cap of ELBM is $27.26M. In the past 24 hours, 60,579 ELBM shares were traded.

How to Buy Electra Battery Materials Stock

Not sure how to invest in Electra Battery Materials stock? Here's how.
  1. Choose where to buy Electra Battery Materials stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Electra Battery Materials stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your method of payment and add your info.
  4. Research Electra Battery Materials stock: The Electra Battery Materials ticker symbol is ELBM. Is Electra Battery Materials stock a good investment? Should you buy shares of ELBM? How do ELBM's underlying business fundamentals look? Do top analysts think Electra Battery Materials is a good buy? Why has ELBM's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ELBM is a good stock to buy).
  5. Execute your ELBM purchase: Decide if you will purchase ELBM shares at the current market price or use a limit order to buy ELBM stock at a particular price.
  6. Keep an eye on your ELBM investment: Create a watchlist to keep track of your new investment in Electra Battery Materials stock.

Step 1: Choose where to buy Electra Battery Materials stock

You will need an online brokerage account in order to access the NASDAQ market and buy ELBM stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal information so you are able to buy ELBM today.

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  2. Provide your personal data to create a new trading account.
  1. Send your info by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have filled out your info on the best stock app for beginners, you need to deposit funds:

Watch the video below to see the process of transferring money into your new investment account.

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Step 4: Research Electra Battery Materials stock

After you have figured out the best place to buy Electra Battery Materials stock, it's crucial to analyze their stock before you invest, so you actually understand the risk and upside.

Electra Battery Materials shares at a glance

ELBM Price
$0.49
1w %
4.95%
1y %
-62.46%
5y %
N/A
P/E
-0.33x
P/B
0.33x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$64.67M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$27.26M
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of Electra Battery Materials

WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.

You can see all of the due diligence checks on ELBM's stock page.

Is ELBM stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge ELBM's intrinsic value.

Using relative valuations methods:

  • ELBM may be undervalued based on its P/B ratio of 0.33x, relative to Other Industrial Metals & Mining industry P/B ratio of 2.34x

You can do additional valuation research on ELBM's stock here.

A look at ELBM Cashflows and Balance Sheet

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the ELBM balance sheet.
  • ELBM has cash burn of 36751000. It does not have enough cash and short-term investments to cover this.
  • There are more short-term liabilities than short-term assets on the ELBM balance sheet.
  • ELBM has $9.04M in cash and short term investments. This is not enough to cover its annual cash burn of $36.75M.
  • ELBM has a relatively high debt to equity ratio of 0.79.

ELBM Trading Indicators

SMA10
0.47
SMA20
0.45
SMA50
0.46
SMA100
0.46
SMA200
0.52
MACD
0.01
MACD Signal
0
MACD Histogram
0.01
RSI
59.88
Stochastic %K
80.82
Stochastic %D
80.42
StochRSI %K
84.04
StochRSI %D
86.34

Latest Insiders Trades at ELBM

In the last 12 months, executives and large shareholders at ELBM have not bought or sold any shares.

Learn more about who owns ELBM stock here.

Can I get consistent income from ELBM stock?

No, Electra Battery Materials doesn't provide an income stream by paying out dividends.

Get opinions from other investors

One of the reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your ELBM purchase

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.

Press the Open button and your broker will place the order.

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Step 6: Keep an eye on your ELBM investment

Now that you own some ELBM shares, you'll want to stay up-to-date on your new shares.

Make a watchlist to keep track of your ELBM stock.

ELBM Feed

How to Buy Stock in Electra Battery Materials

To summarize, here are the 6 steps for buying Electra Battery Materials stock:

  1. Choose where to buy Electra Battery Materials stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Research Electra Battery Materials stock
  5. Execute your ELBM purchase
  6. Keep an eye on your ELBM investment

If you are looking for a brokerage account, eToro is our recommended venue.

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If you want to get notifications regarding your new investment in Electra Battery Materials, click the button below.

NASDAQ: ELBM
$0.49+0.01 (+2.31%)
Updated May 20, 2024
Open eToro Account
NASDAQ: ELBM
$0.49+0.01 (+2.31%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Electra Battery Materials share?

As of May 20, 2024, it costs $0.49 to buy one share of Electra Battery Materials stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.24, you can buy 0.5 shares of ELBM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Electra Battery Materials stock?

One way to place an order for Electra Battery Materials stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.