Critical Elements Lithium (CVE:CRE) Stock Price Down 3.2% - Here's What Happened

Critical Elements Lithium Co. (CVE:CRE - Get Free Report) shares fell 3.2% during trading on Thursday . The stock traded as low as C$0.44 and last traded at C$0.45. 126,546 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 134,367 shares. The stock had previously closed at C$0.47.

Critical Elements Lithium Stock Performance

The stock has a market capitalization of C$94.90 million, a P/E ratio of 61.29 and a beta of 0.37. The company has a current ratio of 11.71, a quick ratio of 11.23 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of C$0.42 and a 200 day moving average price of C$0.45.

Critical Elements Lithium Company Profile

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.