Critical Elements Lithium (CVE:CRE) Trading Down 5% – Here’s Why

Shares of Critical Elements Lithium Co. (CVE:CRE) fell 5% during trading on Wednesday . The company traded as low as C$0.38 and last traded at C$0.38. 122,658 shares were traded during mid-day trading, a decline of 26% from the average session volume of 165,957 shares. The stock had previously closed at C$0.40.

Critical Elements Lithium Price Performance

The stock has a market cap of C$82.78 million, a P/E ratio of 38.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 16.70 and a quick ratio of 11.23. The business’s fifty day moving average price is C$0.51 and its 200 day moving average price is C$0.56.

Critical Elements Lithium (CVE:CRE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Sell-side analysts forecast 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.