Critical Elements Lithium (CVE:CRE) Stock Price Down 1.1% – Time to Sell?

Shares of Critical Elements Lithium Co. (CVE:CRE) traded down 1.1% during 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 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 Stock Down 6.5 %

The firm has a 50-day moving average price of C$0.43 and a two-hundred day moving average price of C$0.49. The company has a market capitalization of C$93.67 million, a P/E ratio of 43.00 and a beta of 0.37. The company has a quick ratio of 11.23, a current ratio of 16.70 and a debt-to-equity ratio of 0.27.

Critical Elements Lithium (CVE:CRE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities research analysts anticipate 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.