Critical Elements Lithium (CVE:CRE) Trading Down 2.4% - Time to Sell?

Key Points

• Critical Elements Lithium's stock price decreased by 2.4%, closing at C$0.41 after trading as low as that price during mid-day.
• The company's market capitalization is approximately C$89.32 million with a P/E ratio of -38.79, indicating negative earnings.
• Critical Elements Lithium is involved in the acquisition and development of mining properties in Canada, focusing on various minerals including lithium and their flagship Rose Lithium-Tantalum project.

Critical Elements Lithium Co. (CVE:CRE - )'s stock price fell 2.4% during mid-day trading on Monday . The company traded as low as C$0.41 and last traded at C$0.41. 62,023 shares were traded during mid-day trading, a decline of 51% from the average session volume of 127,499 shares. The stock had previously closed at C$0.42.

Critical Elements Lithium Trading Down 2.4%

The firm has a market cap of C$89.32 million, a P/E ratio of -38.79 and a beta of -0.48. 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 business's 50 day moving average is C$0.45 and its 200-day moving average is C$0.45.

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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