Critical Elements Lithium (CVE:CRE) Sets New 12-Month Low at $0.46

Shares of Critical Elements Lithium Co. (CVE:CRE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.46 and last traded at C$0.47, with a volume of 54449 shares trading hands. The stock had previously closed at C$0.48.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRE shares. Stifel Nicolaus lowered their price objective on Critical Elements Lithium from C$3.25 to C$2.65 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Canaccord Genuity Group lowered their price objective 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 firm has a fifty day moving average price of C$0.64 and a two-hundred day moving average price of C$0.71. The stock has a market capitalization of C$101.30 million, a P/E ratio of 48.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 18.49.

Critical Elements Lithium (CVE:CRE) last released its quarterly earnings results on Thursday, July 18th. The company reported C$0.03 earnings per share for the quarter. As a group, analysts expect that Critical Elements Lithium Co. will post -0.03 EPS for the current fiscal year.

Critical Elements Lithium Company Profile

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.