Critical Elements Lithium (CVE:CRE) Shares Up 1.1% – Should You Buy?

Critical Elements Lithium Co. (CVE:CRE) rose 1.1% on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 48,753 shares traded hands during trading, a decline of 80% from the average daily volume of 249,141 shares. The stock had previously closed at C$0.44.

Critical Elements Lithium Price Performance

The stock has a market capitalization of C$103.26 million, a P/E ratio of 23.50 and a beta of -1.17. The firm has a fifty day moving average of C$0.44 and a two-hundred day moving average of C$0.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 11.71 and a quick ratio of 11.23.

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. The company was formerly known as Critical Elements Corporation and changed its name to Critical Elements Lithium Corporation in June 2019.