Critical Elements Lithium (CVE:CRE) Trading Up 3.4%

Critical Elements Lithium Co. (CVE:CRE – Get Rating)’s stock price was up 3.4% during trading on Tuesday . The stock traded as high as C$2.42 and last traded at C$2.40. Approximately 641,274 shares were traded during trading, an increase of 28% from the average daily volume of 500,908 shares. The stock had previously closed at C$2.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRE shares. Canaccord Genuity Group set a C$3.50 price target on shares of Critical Elements Lithium and gave the stock a “speculative buy” rating in a research report on Tuesday, October 18th. Stifel Nicolaus set a C$3.25 price target on shares of Critical Elements Lithium and gave the stock a “buy” rating in a research report on Tuesday, November 22nd.

Critical Elements Lithium Stock Up 3.4 %

The firm’s 50 day moving average is C$2.16 and its two-hundred day moving average is C$1.85. The firm has a market cap of C$511.55 million and a P/E ratio of -109.09. The company has a current ratio of 11.36, a quick ratio of 11.23 and a debt-to-equity ratio of 0.07.

Critical Elements Lithium (CVE:CRE – Get Rating) last released its quarterly earnings data on Tuesday, November 29th. The company reported C($0.01) earnings per share for the quarter. As a group, research analysts anticipate that Critical Elements Lithium Co. will post -0.03 EPS for the current fiscal year.

Critical Elements Lithium Company Profile

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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, and 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 246.55 square kilometers located in the Eastmain greenstone belt.