Critical Elements Lithium (CVE:CRE) Stock Price Down 2.6% – What’s Next?

Shares of Critical Elements Lithium Co. (CVE:CREGet Free Report) were down 2.6% on Wednesday . The company traded as low as C$0.38 and last traded at C$0.38. Approximately 213,040 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 134,876 shares. The stock had previously closed at C$0.39.

Critical Elements Lithium Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71. The company has a 50-day moving average price of C$0.45 and a 200-day moving average price of C$0.43. The firm has a market capitalization of C$81.69 million, a P/E ratio of 18.75 and a beta of -0.44.

About Critical Elements Lithium

(Get Free Report)

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.

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