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

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

Consolidated Lithium Metals Trading Down 33.3 %

The firm has a fifty day moving average price of C$0.01 and a 200-day moving average price of C$0.02. The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The company has a market capitalization of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10.

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.