Critical Elements Lithium (CVE:CRE) Shares Up 8% - Here's What Happened

Critical Elements Lithium Co. (CVE:CRE - Get Free Report) was up 8% on Monday . The stock traded as high as C$0.54 and last traded at C$0.54. Approximately 152,907 shares were traded during trading, a decline of 21% from the average daily volume of 192,716 shares. The stock had previously closed at C$0.50.

Analyst Ratings Changes

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

Critical Elements Lithium Trading Up 1.0 %

The company's 50 day moving average price is C$0.49 and its two-hundred day moving average price is C$0.47. The firm has a market cap of C$107.85 million, a PE ratio of 69.65 and a beta of 0.37. The company has a quick ratio of 11.23, a current ratio of 11.71 and a debt-to-equity ratio of 0.24.

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.