Critical Elements Lithium (CVE:CRE) Trading Down 3.3% – Time to Sell?

Shares of Critical Elements Lithium Co. (CVE:CRE) traded down 3.3% during mid-day trading on Wednesday . The stock traded as low as C$0.45 and last traded at C$0.45. 272,983 shares traded hands during trading, an increase of 64% from the average session volume of 166,036 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on Critical Elements Lithium from C$1.50 to C$1.00 in a research note on Friday, July 26th.

Critical Elements Lithium Stock Performance

The company has a market capitalization of C$96.94 million, a price-to-earnings ratio of 44.50 and a beta of 0.37. The company’s fifty day simple moving average is C$0.50 and its two-hundred day simple moving average is C$0.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70.

Critical Elements Lithium (CVE:CRE) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. Equities research analysts predict that Critical Elements Lithium Co. will post -0.03 earnings per share for the current fiscal 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.