Stifel Nicolaus Has Lowered Expectations for Critical Elements Lithium (CVE:CRE) Stock Price

Critical Elements Lithium (CVE:CRE) had its price target decreased by equities research analysts at Stifel Nicolaus from C$2.65 to C$1.25 in a research report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 228.95% from the company’s previous close.

Critical Elements Lithium Price Performance

Shares of CRE stock traded down C$0.01 during trading on Friday, hitting C$0.38. The company had a trading volume of 249,078 shares, compared to its average volume of 126,378. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70. The firm has a market capitalization of C$82.78 million, a P/E ratio of 38.00 and a beta of 0.37. The stock’s 50-day moving average price is C$0.41 and its 200 day moving average price is C$0.47. Critical Elements Lithium has a one year low of C$0.33 and a one year high of C$1.05.

Critical Elements Lithium (CVE:CRE) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities analysts expect that Critical Elements Lithium will post -0.03 EPS for the current fiscal year.

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.