Critical Elements Lithium (CVE:CRE) Reaches New 52-Week Low – What’s Next?

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

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased 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.

Critical Elements Lithium Stock Performance

The company’s 50-day moving average is C$0.39 and its 200 day moving average is C$0.45. The company has a current ratio of 16.70, a quick ratio of 11.23 and a debt-to-equity ratio of 0.27. The firm has a market cap of C$76.24 million, a PE ratio of 35.00 and a beta of 0.37.

Critical Elements Lithium (CVE:CRE) last released its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Critical Elements Lithium Co. will post -0.03 EPS for the current year.

About Critical Elements Lithium

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.