Critical Elements Lithium (CVE:CRE) Shares Down 5.6% – What’s Next?

Critical Elements Lithium Co. (CVE:CRE)’s stock price was down 5.6% during mid-day trading on Tuesday . The company traded as low as C$0.50 and last traded at C$0.51. Approximately 268,369 shares were traded during trading, a decline of 16% from the average daily volume of 319,554 shares. The stock had previously closed at C$0.54.

Critical Elements Lithium Trading Down 5.6%

The firm’s fifty day moving average price is C$0.42 and its 200-day moving average price is C$0.44. The company has a market cap of C$118.33 million, a price-to-earnings ratio of 25.50 and a beta of -0.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 11.71 and a quick ratio of 11.23.

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.