Canaccord Genuity Group Cuts Critical Elements Lithium (CVE:CRE) Price Target to C$1.00

Posted by Alanna Baker on Jul 29th, 2024

Critical Elements Lithium (CVE:CRE – Free Report) had its price objective cut by Canaccord Genuity Group from C$1.50 to C$1.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Separately, Stifel Nicolaus decreased their target price on Critical Elements Lithium from C$3.25 to C$2.65 and set a buy rating for the company in a research report on Tuesday, May 21st.

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Critical Elements Lithium Trading Up 3.8 %

Shares of CRE stock opened at C$0.55 on Friday. Critical Elements Lithium has a 12-month low of C$0.46 and a 12-month high of C$2.04. The company has a quick ratio of 11.23, a current ratio of 18.49 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of C$0.72 and a two-hundred day moving average price of C$0.72. The firm has a market cap of C$119.78 million, a P/E ratio of -18.33 and a beta of 0.44.

Critical Elements Lithium Company Profile

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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.