Cantor Fitzgerald analyst Matthew O’Keefe downgraded Critical Elements Lithium (CRECF) to Speculative Buy from Buy with an unchanged price target of C$2 after the company announced the recommencement of active exploration on its land portfolio in Quebec, including the 100% owned Nemaska Belt properties. With the move to exploration and “lingering uncertainty” around the timing of project financing for Rose, the firm moved to a Speculative Buy rating, the analyst explained.
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