Consolidated Lithium Metals (CVE:CLM) Trading Down 50% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) dropped 50% during trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 313,402 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 216,931 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Down 50.0%

The firm’s 50 day moving average is C$0.01 and its 200 day moving average is C$0.01. 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$1.78 million, a PE ratio of -0.50 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.