Critical Elements Lithium (CVE:CRE) Sets New 52-Week Low – Here’s What Happened

Critical Elements Lithium Co. (CVE:CREGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.35 and last traded at C$0.34, with a volume of 35862 shares traded. The stock had previously closed at C$0.35.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on shares of Critical Elements Lithium from C$2.65 to C$1.25 in a research report on Friday, January 17th.

View Our Latest Stock Analysis on Critical Elements Lithium

Critical Elements Lithium Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 16.70 and a quick ratio of 11.23. The stock’s fifty day simple moving average is C$0.39 and its 200-day simple moving average is C$0.45. The company has a market capitalization of C$76.24 million, a P/E ratio of 35.00 and a beta of 0.37.

Critical Elements Lithium (CVE:CREGet Free Report) last issued its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. On average, equities analysts forecast that Critical Elements Lithium Co. will post -0.03 earnings per share for the current fiscal year.

About Critical Elements Lithium

(Get Free Report)

Critical Elements Lithium Corporation engages in the acquisition, exploration, and development of mining properties in Canada. The company explores for copper, zinc, gold, silver, nickel, lead, lithium, niobium, tantalum, platinum group, and rare earth elements. Its flagship project is the Rose Lithium-Tantalum project that consists of 473 claims covering a total area of 244.99 square kilometers located in the Eastmain greenstone belt.

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