Critical Elements Lithium (CVE:CRE) Trading Down 3.3% – Time to Sell?

Critical Elements Lithium Co. (CVE:CRE)’s share price traded down 3.3% on Wednesday . The stock traded as low as C$0.45 and last traded at C$0.45. 272,983 shares were traded during mid-day trading, an increase of 64% from the average session volume of 166,036 shares. The stock had previously closed at C$0.46.

Wall Street Analyst Weigh In

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

Critical Elements Lithium Price Performance

The stock has a market cap of C$96.94 million, a price-to-earnings ratio of 44.50 and a beta of 0.37. The business’s 50 day moving average is C$0.50 and its 200-day moving average is C$0.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70.

Critical Elements Lithium (CVE:CRE) last announced its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Critical Elements Lithium Co. will post -0.03 EPS for the current fiscal year.

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.