Critical Elements Lithium Co. (CVE:CRE – Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.30, with a volume of 93731 shares changing hands. The stock had previously closed at C$0.28.
Critical Elements Lithium Trading Up 5.3%
The company has a debt-to-equity ratio of 0.05, a current ratio of 9.56 and a quick ratio of 11.23. The stock’s 50-day moving average is C$0.35 and its two-hundred day moving average is C$0.41. The company has a market cap of C$69.61 million, a P/E ratio of -30.00 and a beta of -1.06.
Insiders Place Their Bets
In related news, Director Ani Andreeva Markova bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of C$0.40 per share, for a total transaction of C$30,000.00. Following the purchase, the director owned 75,500 shares in the company, valued at approximately C$30,200. This represents a 15,000.00% increase in their ownership of the stock. In the last ninety days, insiders have acquired 86,500 shares of company stock worth $34,485. 4.27% of the stock is currently owned by insiders.
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.
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