Critical Elements Lithium (CVE:CRE) Trading 1.1% Higher – Should You Buy?

Shares of Critical Elements Lithium Co. (CVE:CRE) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 48,753 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 249,141 shares. The stock had previously closed at C$0.44.

Critical Elements Lithium Stock Up 1.1%

The stock has a market capitalization of C$103.26 million, a P/E ratio of 23.50 and a beta of -1.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 11.23 and a current ratio of 11.71. The firm’s 50-day simple moving average is C$0.44 and its 200 day simple moving average is C$0.44.

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. The company was formerly known as Critical Elements Corporation and changed its name to Critical Elements Lithium Corporation in June 2019.