zramctl: failed to set algorithm: Invalid argument

Issue

When using zramctl with lz4, lz4hc or 842 compression algorithms the execution results into the following error

#sudo modprobe zram  num_devices=1
#sudo zramctl --find --size 1024M -a lz4
zramctl: /dev/zram0: failed to set algorithm: Invalid argument

From zramctl man page:

OPTIONS
       -a, --algorithm lzo|lz4|lz4hc|deflate|842