Critical Elements Lithium (CVE:CRE) Stock Price Down 1.1% – Here’s Why

Shares of Critical Elements Lithium Co. (CVE:CRE) fell 1.1% during trading on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.46. 151,941 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 185,623 shares. The stock had previously closed at C$0.47.

Critical Elements Lithium Price Performance

The stock has a market cap of C$100.21 million, a price-to-earnings ratio of 46.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 16.70 and a quick ratio of 11.23. The stock’s 50 day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.49.

Critical Elements Lithium (CVE:CRE) last issued its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share for the quarter. On average, analysts forecast that Critical Elements Lithium Co. will post -0.03 earnings per share for the current fiscal year.

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.