Critical Elements Lithium (CVE:CRE) Shares Down 4.8% - Should You Sell?

Critical Elements Lithium Co. (CVE:CRE - Get Free Report) was down 4.8% during mid-day trading on Monday . The company traded as low as C$0.40 and last traded at C$0.40. Approximately 119,434 shares traded hands during trading, a decline of 29% from the average daily volume of 168,510 shares. The stock had previously closed at C$0.42.

Wall Street Analyst Weigh In

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

Critical Elements Lithium Stock Performance

The firm has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.48. The stock has a market cap of C$92.75 million, a price-to-earnings ratio of 59.90 and a beta of 0.37. The company has a current ratio of 11.71, a quick ratio of 11.23 and a debt-to-equity ratio of 0.24.

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.