Consolidated Lithium Metals (CVE:CLM) Stock Price Down 8.3% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price fell 8.3% during trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. 1,291,931 shares traded hands during mid-day trading, an increase of 142% from the average session volume of 534,117 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Stock Performance

The stock has a market cap of C$19.47 million, a price-to-earnings ratio of -16.67 and a beta of 0.96. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is 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.

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.