Critical Elements Lithium (CVE:CRE) Posts Earnings Results

Critical Elements Lithium (CVE:CRE) issued its earnings results on Thursday. The company reported C($0.02) earnings per share (EPS) for the quarter, reports.

Critical Elements Lithium Stock Down 7.7 %

Shares of CVE CRE traded down C$0.04 on Friday, hitting C$0.48. The company had a trading volume of 141,766 shares, compared to its average volume of 165,577. The company has a quick ratio of 11.23, a current ratio of 16.70 and a debt-to-equity ratio of 0.27. Critical Elements Lithium has a 12-month low of C$0.34 and a 12-month high of C$1.40. The firm has a market capitalization of C$104.56 million, a P/E ratio of 48.00 and a beta of 0.37. The business has a 50 day moving average of C$0.50 and a two-hundred day moving average of C$0.62.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on shares of Critical Elements Lithium from C$1.50 to C$1.00 in a report on Friday, July 26th.

Critical Elements Lithium Company Profile

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.