Consolidated Lithium Metals (CVE:CLM) Trading 100% Higher – Still a Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares rose 100% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 6,474,204 shares traded hands during trading, an increase of 1,265% from the average daily volume of 474,393 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Up 14.3%

The firm has a market cap of C$15.57 million, a price-to-earnings ratio of -13.33 and a beta of 1.65. The business’s 50 day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

About Consolidated Lithium Metals

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.