Stifel Nicolaus Trims Critical Elements Lithium (CVE:CRE) Target Price to C$2.65

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

Critical Elements Lithium Stock Down 6.7 %

Critical Elements Lithium stock opened at C$0.84 on Tuesday. The company has a market cap of C$182.94 million, a P/E ratio of -42.00 and a beta of 0.54. Critical Elements Lithium has a 1-year low of C$0.55 and a 1-year high of C$2.07. The company has a fifty day simple moving average of C$0.78 and a 200 day simple moving average of C$0.85. The company has a current ratio of 18.49, a quick ratio of 11.23 and a debt-to-equity ratio of 0.32.

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.