Critical Elements Lithium (CVE:CRE) Reaches New 52-Week Low – Here’s Why

Critical Elements Lithium Co. (CVE:CRE)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 89943 shares trading hands. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

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

Critical Elements Lithium Price Performance

The company has a fifty day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70. The company has a market capitalization of C$74.07 million, a price-to-earnings ratio of 34.00 and a beta of 0.37.

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

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.