Critical Elements Lithium Co. (CVE:CRE – Get Rating)’s stock price dropped 2.6% on Monday . The company traded as low as C$2.20 and last traded at C$2.23. Approximately 265,828 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 543,221 shares. The stock had previously closed at C$2.29.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group boosted their price objective on Critical Elements Lithium from C$3.50 to C$5.00 in a report on Friday, February 3rd.
Critical Elements Lithium Stock Performance
The firm has a 50-day simple moving average of C$2.61 and a two-hundred day simple moving average of C$2.24. The company has a current ratio of 28.12, a quick ratio of 11.23 and a debt-to-equity ratio of 0.05. The company has a market capitalization of C$479.03 million, a price-to-earnings ratio of -111.50 and a beta of 0.67.
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, and 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 246.55 square kilometers located in the Eastmain greenstone belt.
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