Critical Elements Lithium (CVE:CRE) Hits New 12-Month Low – Here’s What Happened

Critical Elements Lithium Co. (CVE:CRE)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.29, with a volume of 29458 shares traded. The stock had previously closed at C$0.29.

Critical Elements Lithium Stock Performance

The company has a market cap of C$66.13 million, a price-to-earnings ratio of -28.50 and a beta of -1.06. The company has a current ratio of 9.56, a quick ratio of 11.23 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is C$0.36 and its 200 day moving average price is C$0.41.

Insiders Place Their Bets

In related news, Director Ani Andreeva Markova purchased 75,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$0.40 per share, for a total transaction of C$30,000.00. Following the acquisition, the director directly owned 75,500 shares in the company, valued at C$30,200. This trade represents a 15,000.00% increase in their ownership of the stock. Insiders have purchased a total of 86,500 shares of company stock worth $34,485 over the last quarter. Company insiders own 4.27% of the company’s stock.

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