Critical Elements Lithium (CVE:CRE) Trading Down 1.2% - Here's What Happened

Key Points

• Critical Elements Lithium (CVE:CRE) shares fell by 1.2% to C$0.43 with a significant decrease in trading volume, down 87% from average daily volumes.
• The company has a market capitalization of C$91.67 million and maintains solid liquidity ratios, with a current ratio of 11.71 and a debt-to-equity ratio of 0.24.
• Critical Elements is focused on the exploration and development of mining properties, particularly their flagship Rose Lithium-Tantalum project in Canada.

Critical Elements Lithium Co. (CVE:CRE - Get Free Report)'s stock price fell 1.2% during mid-day trading on Friday . The company traded as low as C$0.42 and last traded at C$0.43. 17,079 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 129,964 shares. The stock had previously closed at C$0.43.

Critical Elements Lithium Stock Down 1.2%

The stock's 50 day moving average is C$0.43 and its 200 day moving average is C$0.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71. The company has a market capitalization of C$89.51 million, a PE ratio of 57.81 and a beta of 0.37.

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.