desperate attempt
to stay alive. high percentage fail and end up bancrupt.
``The company's P/E ratio stands at -0.57, reflecting its current lack of profitability, and the adjusted P/E ratio for the last twelve months as of Q1 2024 is -2.99. Despite a notable EBITDA growth of 26.64% during the same period, Electra's return on assets was -32.46%, indicating that the company has struggled to efficiently leverage its asset base to generate profits``
https://www.investing.com/news/company-news/electra-battery-shares-target-cut-retains-buy-rating-93CH-3458769