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 $0.42, up 3.7% from the previous day, and has decreased 79.51% in one year. It has underperformed other stocks in the Other Industrial Metals & Mining industry by 0.5 percentage points. Electra Battery Materials stock is currently +35.48% from its 52-week low of $0.31, and -84.21% from its 52-week high of $2.66.
There are currently 55.84M shares of ELBM outstanding. The market cap of ELBM is $23.45M. In the past 24 hours, 31,159 ELBM shares were traded.
How to Buy Electra Battery Materials Stock
Not sure how to invest in Electra Battery Materials stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
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.
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
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 0.18x, relative to Other Industrial Metals & Mining industry P/B ratio of 2.19x
You can do additional valuation research on ELBM's stock here.
A look at ELBM Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the ELBM balance sheet.
Negative Financial Indicators:
- ELBM has cash burn of 49529000. 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 $15.68M in cash and short term investments. This is not enough to cover its annual cash burn of $49.53M.
- ELBM has a relatively high debt to equity ratio of 0.6.
Do analysts think it's a good time to buy ELBM stock
Out of 1 Equities analysts who research ELBM, the consensus analyst rating on Electra Battery Materials is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Electra Battery Materials stock forecast page.
Metrics for Advanced ELBM Traders
Who is buying/selling ELBM?
In the past 12 months, executives and large shareholders at ELBM have not bought or sold any shares.
Dig into more about who owns ELBM stock here.
Does ELBM provide a stable income stream?
No, Electra Battery Materials doesn't provide an income stream by paying out dividends.
ELBM Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your ELBM purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your ELBM investment
Now that you own some shares in ELBM, you'll want to stay up-to-date on your new investment.
Put ELBM on a watchlist to get notified of the latest news about your ELBM stock.
ELBM Feed
How to Buy Stock in Electra Battery Materials
To summarize, here are the 6 steps you need to take to buy Electra Battery Materials stock right now:
- Choose where to buy Electra Battery Materials stock
- Sign up for your brokerage account
- Fund your brokerage account
- Research Electra Battery Materials stock
- Execute your ELBM purchase
- Keep an eye on your ELBM investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Electra Battery Materials, hit the button below to create your watchlist.
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