Critical Elements Lithium (CVE:CRE) Stock Price Up 8% – Here’s Why

Critical Elements Lithium Co. (CVE:CRE)’s share price rose 8% during trading on Monday . The company traded as high as C$0.54 and last traded at C$0.54. Approximately 152,907 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 192,716 shares. The stock had previously closed at C$0.50.

Analyst Ratings Changes

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

Critical Elements Lithium Trading Down 5.5 %

The business has a fifty day moving average price of C$0.49 and a 200 day moving average price of C$0.47. The company has a market capitalization of C$112.16 million, a PE ratio of 72.44 and a beta of 0.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71.

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.