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

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

Critical Elements Lithium Stock Performance

Critical Elements Lithium stock traded down C$0.01 during midday trading on Friday, reaching C$0.38. 249,078 shares of the company’s stock were exchanged, compared to its average volume of 126,378. Critical Elements Lithium has a 52 week low of C$0.33 and a 52 week 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. The stock’s 50-day simple moving average is C$0.41 and its 200 day simple moving average is C$0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.23 and a current ratio of 16.70.

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

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.