Critical Elements Lithium (CVE:CRE) Shares Up 8% – Still a Buy?

Shares of Critical Elements Lithium Co. (CVE:CRE) were up 8% on Monday . The stock traded as high as C$0.54 and last traded at C$0.54. Approximately 152,907 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 192,716 shares. The stock had previously closed at C$0.50.

Wall Street Analyst Weigh In

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 business’s fifty day simple moving average is C$0.48 and its 200 day simple moving average is C$0.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71. The stock has a market cap of C$116.47 million, a price-to-earnings ratio of 75.22 and a beta of 0.37.

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.