Consolidated Lithium Metals (CVE:CLM) Shares Down 33.3% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) fell 33.3% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 452,700 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Trading Down 33.3 %

The stock has a market capitalization of C$3.56 million, a price-to-earnings ratio of -1.00 and a beta of 0.10. The business has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

Consolidated Lithium Metals Company Profile

Consolidated Lithium Metals Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for lithium, molybdenum, tantalum, and diamond deposits. The company holds interests in the Vallée lithium project located in the La Corne and Fiedmont townships; the Preissac La Corne Lithium portfolio located in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite project located in Quebec.