Critical Elements Lithium (CVE:CRE) Hits New 52-Week Low – Here’s Why

Critical Elements Lithium Co. (CVE:CRE) shares hit a new 52-week low on Monday . The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 89943 shares trading hands. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their target price on Critical Elements Lithium from C$2.65 to C$1.25 in a report on Friday, January 17th.

Critical Elements Lithium Price Performance

The stock’s 50-day simple moving average is C$0.39 and its two-hundred day simple moving average is C$0.44. The firm has a market cap of C$82.34 million, a P/E ratio of 37.80 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.

Critical Elements Lithium (CVE:CRE) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. Equities research analysts forecast that Critical Elements Lithium Co. will post -0.03 earnings per share 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.