Consolidated Lithium Metals (CVE:CLM) Stock Price Down 20% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price fell 20% on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. 228,000 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 503,788 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Trading Down 20.0%

The firm has a market cap of C$7.79 million, a PE ratio of -6.67 and a beta of 2.18. The company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price 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.