What is Electra battery materials Corporation?

Electra Battery Materials Corporation engages in the acquisition and exploration of 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 located in Lemhi County, Idaho.

Should you buy Electra battery materials (elbm) stock?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Electra Battery Materials in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ELBM shares. View ELBM analyst ratings or view top-rated stocks.

Does Electra battery materials have short interest?

Electra Battery Materials saw a drop in short interest in the month of November. As of November 30th, there was short interest totaling 21,800 shares, a drop of 53.3% from the November 15th total of 46,700 shares. Based on an average daily volume of 100,100 shares, the days-to-cover ratio is presently 0.2 days.

Is Electra a cobalt company?

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.