Critical Elements Lithium (CVE:CRE) Stock Price Down 1.3% – Here’s What Happened

Critical Elements Lithium Co. (CVE:CRE) shares dropped 1.3% during trading on Wednesday . The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 149,612 shares changed hands during trading, a decline of 27% from the average daily volume of 205,211 shares. The stock had previously closed at C$0.40.

Critical Elements Lithium Trading Down 2.4%

The company has a 50 day simple moving average of C$0.42 and a 200 day simple moving average of C$0.43. The company has a current ratio of 8.30, a quick ratio of 11.23 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of C$92.82 million, a PE ratio of -13.33 and a beta of -0.74.

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.