Critical Elements Lithium (CVE:CRE) Shares Down 5.7% – Time to Sell?

Shares of Critical Elements Lithium Co. (CVE:CRE) fell 5.7% on Tuesday . The company traded as low as C$0.47 and last traded at C$0.50. 210,933 shares traded hands during trading, an increase of 24% from the average session volume of 170,196 shares. The stock had previously closed at C$0.53.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price target on Critical Elements Lithium from C$1.50 to C$1.00 in a report on Friday, July 26th.

Critical Elements Lithium Price Performance

The stock has a fifty day moving average of C$0.46 and a two-hundred day moving average of C$0.63. The stock has a market capitalization of C$114.37 million, a price-to-earnings ratio of 50.00 and a beta of 0.37. The company has a current ratio of 16.70, a quick ratio of 11.23 and a debt-to-equity ratio of 0.27.

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.