Elevra Lithium (NASDAQ:ELVR) Trading Down 6.4% – Should You Sell?

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) shares were down 6.4% during mid-day trading on Thursday . The stock traded as low as $53.10 and last traded at $53.51. 7,239 shares were traded during mid-day trading, a decline of 92% from the average session volume of 92,692 shares. The stock had previously closed at $57.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Elevra Lithium from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Elevra Lithium has a consensus rating of “Hold”.

Elevra Lithium Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.95. The firm’s 50-day moving average price is $60.10 and its 200-day moving average price is $67.64.

Elevra Lithium (NASDAQ:ELVR) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($194.78) EPS for the quarter. The company had revenue of $57.72 million for the quarter.

Hedge Funds Weigh In On Elevra Lithium

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of Elevra Lithium in the fourth quarter valued at $17,279,000. Royce & Associates LP lifted its holdings in Elevra Lithium by 17.8% during the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock worth $2,787,000 after purchasing an additional 8,004 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Elevra Lithium by 70.6% during the 1st quarter. Hsbc Holdings PLC now owns 51,604 shares of the company’s stock worth $3,045,000 after purchasing an additional 21,363 shares in the last quarter. Jane Street Group LLC boosted its stake in Elevra Lithium by 19.2% in the 4th quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock worth $1,449,000 after purchasing an additional 4,433 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Elevra Lithium by 8.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company’s stock worth $761,000 after purchasing an additional 1,036 shares during the period.

Elevra Lithium Company Profile

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.