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

Critical Elements Lithium Co. (CVE:CRE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.35 and last traded at C$0.35, with a volume of 156260 shares. The stock had previously closed at C$0.36.

Critical Elements Lithium Trading Down 2.8 %

The firm has a market capitalization of C$76.24 million, a PE ratio of 35.00 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. The company's 50-day simple moving average is C$0.49 and its 200 day simple moving average is C$0.52.

Critical Elements Lithium (CVE:CRE - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. As a group, sell-side 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.

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