Critical Elements Lithium (CVE:CRE) Trading Down 1.2% – Should You Sell?

Critical Elements Lithium Co. (CVE:CREGet Free Report)’s stock price traded down 1.2% on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.42. 390,694 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 177,471 shares. The stock had previously closed at C$0.42.

Critical Elements Lithium Stock Performance

The firm has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.43. The company has a market capitalization of C$96.29 million, a price-to-earnings ratio of 20.75 and a beta of -0.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71.

Critical Elements Lithium Company Profile

(Get Free Report)

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. The company was formerly known as Critical Elements Corporation and changed its name to Critical Elements Lithium Corporation in June 2019.

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