Critical Elements Lithium (CVE:CRE) Hits New 52-Week Low – Time to Sell?

Critical Elements Lithium Co. (CVE:CRE)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.34, with a volume of 35862 shares. The stock had previously closed at C$0.35.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price target on Critical Elements Lithium from C$2.65 to C$1.25 in a report on Friday, January 17th.

Critical Elements Lithium Price Performance

The company has a market capitalization of C$76.24 million, a price-to-earnings ratio of 35.00 and a beta of 0.37. The company has a current ratio of 16.70, a quick ratio of 11.23 and a debt-to-equity ratio of 0.27. The company’s 50 day simple moving average is C$0.40 and its 200-day simple moving average is C$0.45.

Critical Elements Lithium (CVE:CRE) last announced its earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, equities research analysts predict 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.