Critical Elements Lithium (CVE:CRE) Shares Up 1.2%

Critical Elements Lithium Co. (CVE:CRE) shot up 1.2% on Monday . The stock traded as high as C$0.41 and last traded at C$0.41. 7,780 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 167,306 shares. The stock had previously closed at C$0.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRE shares. Canaccord Genuity Group dropped their target price on Critical Elements Lithium from C$1.50 to C$1.00 in a report on Friday, July 26th. Stifel Nicolaus dropped their target price on Critical Elements Lithium from C$3.25 to C$2.65 and set a “buy” rating on the stock in a report on Tuesday, May 21st.

Critical Elements Lithium Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 18.49 and a quick ratio of 11.23. The firm has a market cap of C$83.87 million, a price-to-earnings ratio of 38.50 and a beta of 0.37. The company has a fifty day moving average price of C$0.53 and a two-hundred day moving average price of C$0.68.

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