Critical Elements Lithium (CVE:CRE) Stock Price Down 3.2% - Should You Sell?

Critical Elements Lithium Co. (CVE:CRE - Get Free Report)'s stock price dropped 3.2% during trading on Thursday . The company traded as low as C$0.44 and last traded at C$0.45. Approximately 126,546 shares were traded during trading, a decline of 6% from the average daily volume of 134,367 shares. The stock had previously closed at C$0.47.

Critical Elements Lithium Stock Performance

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 firm has a 50-day moving average price of C$0.42 and a 200 day moving average price of C$0.45. The firm has a market capitalization of C$94.90 million, a PE ratio of 61.29 and a beta of 0.37.

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.