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

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

Critical Elements Lithium Price Performance

CVE:CRE opened at C$0.38 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 16.70 and a quick ratio of 11.23. The company has a 50 day moving average price of C$0.41 and a 200-day moving average price of C$0.47. Critical Elements Lithium has a 1-year low of C$0.33 and a 1-year high of C$1.05. The firm has a market cap of C$82.78 million, a price-to-earnings ratio of 38.00 and a beta of 0.37.

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