Critical Elements Lithium (CVE:CRE) Hits New 1-Year Low – Here’s Why

Critical Elements Lithium Co. (CVE:CRE) reached a new 52-week low on Tuesday . The company traded as low as C$0.35 and last traded at C$0.34, with a volume of 35862 shares. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their target price on shares of Critical Elements Lithium from C$2.65 to C$1.25 in a research note on Friday, January 17th.

Critical Elements Lithium Stock Performance

The company has a market capitalization of C$76.24 million, a price-to-earnings ratio of 35.00 and a beta of 0.37. The company’s fifty day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70.

Critical Elements Lithium (CVE:CRE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. Equities research analysts predict that Critical Elements Lithium Co. will post -0.03 earnings per share for the current fiscal year.

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.