Consolidated Lithium Metals (CVE:CLM) Trading Down 9.1% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) shares traded down 9.1% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. 178,364 shares traded hands during trading, a decline of 64% from the average session volume of 497,901 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Stock Performance

The stock has a market capitalization of C$11.68 million, a PE ratio of -10.00 and a beta of 2.18. The business’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.01. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

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.