Stifel Nicolaus Lowers Critical Elements Lithium (CVE:CRE) Price Target to C$1.25

Critical Elements Lithium (CVE:CRE) had its price target cut by Stifel Nicolaus from C$2.65 to C$1.25 in a research note released on Friday morning,BayStreet.CA reports.

Critical Elements Lithium Trading Down 1.3 %

Shares of CVE:CRE opened at C$0.38 on Friday. The company has a quick ratio of 11.23, a current ratio of 16.70 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is C$0.41 and its 200 day moving average price is C$0.47. The company has a market cap of C$82.78 million, a PE ratio of 38.00 and a beta of 0.37. Critical Elements Lithium has a fifty-two week low of C$0.33 and a fifty-two week high of C$1.05.

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