Critical Elements Lithium (CVE:CRE) Shares Down 3.3% – Should You Sell?

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

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on shares of Critical Elements Lithium from C$1.50 to C$1.00 in a report on Friday, July 26th.

Critical Elements Lithium Stock Down 3.3 %

The firm has a market cap of C$96.94 million, a price-to-earnings ratio of 44.50 and a beta of 0.37. The stock has a 50-day moving average of C$0.50 and a 200-day moving average of C$0.61. The company has a current ratio of 16.70, a quick ratio of 11.23 and a debt-to-equity ratio of 0.27.

Critical Elements Lithium (CVE:CRE) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Critical Elements Lithium Co. will post -0.03 EPS 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.