Critical Elements Lithium (CVE:CRE) Shares Down 5.7% – Time to Sell?

Shares of Critical Elements Lithium Co. (CVE:CRE) dropped 5.7% on Tuesday . The stock traded as low as C$0.47 and last traded at C$0.50. Approximately 210,933 shares were traded during trading, an increase of 24% from the average daily volume of 170,196 shares. The stock had previously closed at C$0.53.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on Critical Elements Lithium from C$1.50 to C$1.00 in a report on Friday, July 26th.

Critical Elements Lithium Trading Up 5.0 %

The company has a fifty day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.63. The company has a quick ratio of 11.23, a current ratio of 16.70 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of C$114.37 million, a P/E ratio of 50.00 and a beta of 0.37.

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.