Critical Elements Lithium (CVE:CRE) Reaches New 1-Year Low – Here’s Why

Shares of Critical Elements Lithium Co. (CVE:CRE) reached a new 52-week low on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.29, with a volume of 29458 shares traded. The stock had previously closed at C$0.29.

Critical Elements Lithium Stock Performance

The company has a quick ratio of 11.23, a current ratio of 9.56 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of C$69.61 million, a P/E ratio of -30.00 and a beta of -1.06. The stock has a fifty day moving average of C$0.35 and a 200-day moving average of C$0.41.

Insiders Place Their Bets

In other news, Director Ani Andreeva Markova purchased 75,000 shares of Critical Elements Lithium stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of C$0.40 per share, with a total value of C$30,000.00. Following the transaction, the director directly owned 75,500 shares in the company, valued at C$30,200. The trade was a 15,000.00% increase in their position. Over the last three months, insiders purchased 86,500 shares of company stock worth $34,485. Corporate insiders own 4.27% of the company’s stock.

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. The company was formerly known as Critical Elements Corporation and changed its name to Critical Elements Lithium Corporation in June 2019.