Critical Elements Lithium (CVE:CRE) Shares Down 6% - What's Next?

Key Points

• Critical Elements Lithium's shares dropped by 6%, closing at C$0.47, with trading volume significantly up by 119% compared to average sessions.
• The company has a market cap of C$102.39 million and a negative price-to-earnings ratio of -44.47, indicating potential financial challenges.
• Critical Elements Lithium focuses on acquiring and developing mining properties in Canada, with its flagship project being the Rose Lithium-Tantalum project.

Critical Elements Lithium Co. (CVE:CRE - )'s share price traded down 6% during trading on Monday . The stock traded as low as C$0.47 and last traded at C$0.47. 286,849 shares were traded during trading, an increase of 119% from the average session volume of 130,807 shares. The stock had previously closed at C$0.50.

Critical Elements Lithium Stock Down 6.0%

The firm has a market cap of C$102.39 million, a price-to-earnings ratio of -44.47 and a beta of -0.48. The firm has a 50 day moving average of C$0.44 and a 200 day moving average of C$0.43. The company has a quick ratio of 11.23, a current ratio of 11.71 and a debt-to-equity ratio of 0.24.

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.

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