Critical Elements Lithium (CVE:CRE) Shares Down 1.1% – Should You Sell?

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

Critical Elements Lithium Price Performance

The company 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 quick ratio of 11.23 and a current ratio of 16.70. The company’s 50 day moving average price is C$0.43 and its 200 day moving average price is C$0.49.

Critical Elements Lithium (CVE:CRE) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) earnings per share 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.