Critical Elements Lithium (CVE:CRE) PT Lowered to C$2.65

Critical Elements Lithium (CVE:CRE) had its price objective reduced by Stifel Nicolaus from C$3.25 to C$2.65 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Critical Elements Lithium Stock Up 9.5 %

Shares of Critical Elements Lithium stock opened at C$0.92 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 11.23 and a current ratio of 18.49. Critical Elements Lithium has a 52-week low of C$0.55 and a 52-week high of C$2.06. The company’s 50 day moving average price is C$0.78 and its 200-day moving average price is C$0.85. The stock has a market capitalization of C$200.36 million, a price-to-earnings ratio of -46.00 and a beta of 0.54.

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.