Critical Elements Lithium (CVE:CRE) Stock Price Down 1.1% - Here's What Happened

Critical Elements Lithium Co. (CVE:CRE - Get Free Report)'s share price was down 1.1% on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.46. Approximately 151,941 shares changed hands during trading, a decline of 18% from the average daily volume of 185,623 shares. The stock had previously closed at C$0.47.

Critical Elements Lithium Stock Performance

The company's fifty day moving average price is C$0.43 and its two-hundred day moving average price is C$0.49. 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 has a market cap of C$100.21 million, a price-to-earnings ratio of 46.00 and a beta of 0.37.

Critical Elements Lithium (CVE:CRE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.02) EPS for the quarter. Research analysts expect that Critical Elements Lithium Co. will post -0.03 earnings per share for the current year.

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.