Stifel Nicolaus Lowers Critical Elements Lithium (CVE:CRE) Price Target to C$2.65

Critical Elements Lithium (CVE:CRE) had its price objective decreased by Stifel Nicolaus from C$3.25 to C$2.65 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Critical Elements Lithium Price Performance

CRE opened at C$0.92 on Tuesday. Critical Elements Lithium has a 12-month low of C$0.55 and a 12-month high of C$2.06. The firm has a market capitalization of C$200.36 million, a P/E ratio of -46.00 and a beta of 0.54. The company has a quick ratio of 11.23, a current ratio of 18.49 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of C$0.78 and a 200-day moving average of C$0.85.

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.