Streetbeat News

ELBM

Electra Battery Materials Corporation

https://electrabmc.com

Industry

Industrial Materials

Electra Battery Materials Corporation acquires and explores for resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project, which covers an area of approximately 5,900 acres located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain. The company was formerly known as First Cobalt Corp. and changed its name to Electra Battery Materials Corporation in December 2021. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada.

Open

0.52

Mkt cap

29M

Volume

32K

High

0.54

P/E Ratio

-0.46

52-wk high

0.75

Low

0.50

Div yield

N/A

52-wk low

0.26

Electra Battery Materials has received $5 million in funding from Natural Resources Canada to support the development of its proprietary battery recycling technology.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:45 pm

HC Wainwright & Co. has maintained its Buy rating on Electra Battery Materials (NASDAQ:ELBM) but has lowered the price target from $1.6 to $1.4.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:22 am

Electra has been granted an extension until September 16, 2024, to meet Nasdaq's minimum bid price requirement, allowing its shares to continue trading on Nasdaq during this period.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:42 pm

Electra Battery Materials Corporation (NASDAQ:ELBM) announced the issuance of 3,150,225 incentive stock options and 104,938 restricted share units to directors, officers, employees, and contractors. Additionally, the company will settle C$157,357 of earned performance-based incentive cash payments to certain non-officer employees by issuing 194,268 common shares at a deemed price of C$0.81 per share.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:13 am

Electra Battery Materials has announced successful optimizations in its battery materials recycling trial at its Ontario refinery complex, leading to improved recoveries of lithium, nickel, cobalt, and other critical minerals. The plant-scale black mass recycling trial is largely complete, with an internal report on proprietary methodologies, optimizations, and growth scenarios underway.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:09 pm

Electra has appointed David Allen as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:15 pm

Wall Street analysts have updated their price targets and ratings for several companies. Jefferies raised Dorian LPG Ltd.'s target and upgraded the stock, while JP Morgan cut Compass Minerals' target but upgraded the rating. B. Riley Securities downgraded The Children's Place with a lower target. Jefferies upgraded Six Flags Entertainment with a higher target, predicting a 35% rally. UBS downgraded Energizer Holdings with a reduced target. Morgan Stanley downgraded Chegg with a lower target. Raymond James maintained a strong buy on Skyward Specialty Insurance with an increased target. B of A Securities downgraded SSR Mining with a lower target. HC Wainwright maintained a buy on Electra Battery Materials despite a target cut. Goldman Sachs downgraded Ryan Specialty Holdings with a reduced target.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 1:07 pm

HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on Electra Battery Materials (NASDAQ:ELBM) but has reduced the price target from $2.5 to $1.6.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:04 pm

Electra Battery Materials Corporation has postponed its Q3 2023 results conference call and webcast, which was initially scheduled for November 15, 2023. The company now expects to report its financial results on or before November 17, 2023, and will announce a new date and time for the conference call and webcast.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:59 pm

The article lists a number of companies scheduled to report their earnings on November 14, 2023. It includes their expected quarterly results, with some companies anticipated to report profits per share and others expected to report losses. The revenues for each company are also provided, giving investors insights into the financial performance of these companies for the upcoming earnings announcements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:23 pm

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