Critical Elements Lithium (CVE:CRE) Reaches New 12-Month Low - Here's Why

Critical Elements Lithium Co. (CVE:CRE - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 89943 shares changing hands. The stock had previously closed at C$0.35.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price target 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 stock's 50-day moving average price is C$0.39 and its 200 day moving average price is C$0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 16.70 and a quick ratio of 11.23. The firm has a market cap of C$107.83 million, a P/E ratio of 49.50 and a beta of 0.37.

Critical Elements Lithium (CVE:CRE - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) EPS for the quarter. As a group, equities analysts predict that Critical Elements Lithium Co. will post -0.03 EPS for the current year.

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.