Critical Elements Lithium (CVE:CRE) Stock Price Up 8% – Should You Buy?

Critical Elements Lithium Co. (CVE:CRE)’s stock price traded up 8% during trading on Monday . The stock traded as high as C$0.54 and last traded at C$0.54. 152,907 shares changed hands during trading, a decline of 21% from the average session volume of 192,716 shares. The stock had previously closed at C$0.50.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective on Critical Elements Lithium from C$2.65 to C$1.25 in a report on Friday, January 17th.

Critical Elements Lithium Stock Down 5.5 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71. The firm has a fifty day simple moving average of C$0.49 and a 200-day simple moving average of C$0.47. The company has a market capitalization of C$112.16 million, a PE ratio of 72.44 and a beta of 0.37.

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.