Critical Elements Lithium (CVE:CRE) Hits New 52-Week Low - Time to Sell?

Critical Elements Lithium Co. (CVE:CRE - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.34, with a volume of 35862 shares traded. The stock had previously closed at C$0.35.

Analysts Set New Price Targets

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

Critical Elements Lithium Price Performance

The stock has a 50-day simple moving average of C$0.39 and a 200 day simple moving average of C$0.45. The company has a market cap of C$75.15 million, a PE ratio of 34.50 and a beta of 0.37. The company has a quick ratio of 11.23, a current ratio of 16.70 and a debt-to-equity ratio of 0.27.

Critical Elements Lithium (CVE:CRE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities analysts expect 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.