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

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

Critical Elements Lithium Stock Down 1.3 %

Critical Elements Lithium stock opened at C$0.38 on Friday. Critical Elements Lithium has a fifty-two week low of C$0.33 and a fifty-two week high of C$1.05. The firm’s 50-day simple moving average is C$0.41 and its 200 day simple moving average is C$0.47. The stock has a market cap of C$82.78 million, a PE ratio of 38.00 and a beta of 0.37. 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 released its quarterly earnings data on Thursday, November 7th. The company reported C($0.02) EPS for the quarter. Research analysts predict that Critical Elements Lithium will post -0.03 EPS 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.