Critical Elements Lithium Co. (CVE:CRE – Get Free Report) was down 5.6% during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 268,369 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 319,554 shares. The stock had previously closed at C$0.54.
Critical Elements Lithium Stock Down 5.6%
The company has a market capitalization of C$118.33 million, a price-to-earnings ratio of 25.50 and a beta of -0.74. The company has a quick ratio of 11.23, a current ratio of 11.71 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of C$0.42 and a 200-day moving average price of C$0.44.
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. The company was formerly known as Critical Elements Corporation and changed its name to Critical Elements Lithium Corporation in June 2019.
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