Critical Elements Lithium (CVE:CRE) Shares Down 1.1% – Here’s What Happened

Critical Elements Lithium Co. (CVE:CRE)’s stock price fell 1.1% during mid-day trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.46. 151,941 shares changed 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’s fifty day moving average is C$0.43 and its 200-day moving average is C$0.49. 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 has a market capitalization of C$93.67 million, a P/E ratio of 43.00 and a beta of 0.37.

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