Critical Elements Lithium Co. (CVE:CRE – Get Free Report)’s share price reached a new 52-week low on Tuesday. The stock traded as low as C$0.27 and last traded at C$0.27, with a volume of 10,914 shares traded. The stock had previously closed at C$0.27.
Analyst Ratings Changes
Separately, Canaccord Genuity Group downgraded shares of Critical Elements Lithium from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$0.85 to C$0.35 in a research report on Thursday, October 15th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$0.35.
View Our Latest Stock Analysis on CRE
Critical Elements Lithium Price Performance
The stock has a 50 day moving average price of C$0.34 and a 200 day moving average price of C$0.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 11.23 and a current ratio of 9.56. The company has a market capitalization of C$62.65 million, a P/E ratio of -27.00 and a beta of -0.71.
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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