Critical Elements Lithium (OTCMKTS:CRECF) Shares Down 6.3% – Here’s Why

Critical Elements Lithium Co. (OTCMKTS:CRECF)’s stock price was down 6.3% during trading on Friday . The company traded as low as $0.3085 and last traded at $0.3085. Approximately 87,315 shares changed hands during trading, an increase of 93% from the average daily volume of 45,262 shares. The stock had previously closed at $0.3293.

Critical Elements Lithium Price Performance

The business has a 50 day moving average price of $0.32 and a two-hundred day moving average price of $0.32.

About Critical Elements Lithium

Critical Elements Lithium Corporation (OTCMKTS: CRECF) is a Canadian mineral exploration and development company focused on advancing high-grade lithium and tantalum assets for the global battery market. Headquartered in Montreal, the company’s primary objective is to bring its flagship Rose Lithium-Tantalum project in the James Bay region of Quebec into commercial production. Critical Elements Lithium seeks to leverage the growing demand for lithium-ion batteries by developing a reliable North American source of battery-grade lithium concentrate.

The Rose project hosts one of the highest-grade hard-rock lithium deposits in Canada and is supported by extensive drilling, metallurgical testing and preliminary economic assessments.