Critical Elements Lithium Co. (CVE:CRE – Get Free Report)’s share price traded down 4.5% during mid-day trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.42. 92,724 shares changed hands during trading, a decline of 57% from the average session volume of 216,433 shares. The stock had previously closed at C$0.44.
Critical Elements Lithium Trading Down 2.4%
The company’s fifty day simple moving average is C$0.46 and its two-hundred day simple moving average is C$0.44. The company has a market capitalization of C$92.82 million, a price-to-earnings ratio of 23.50 and a beta of -1.02. The company has a quick ratio of 11.23, a current ratio of 11.34 and a debt-to-equity ratio of 0.07.
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.
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