Consolidated Lithium Metals (CVE:CLM) Stock Price Down 33.3% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) was down 33.3% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 903,170 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 507,164 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Stock Down 20.0%

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The firm has a market capitalization of C$7.79 million, a P/E ratio of -6.67 and a beta of 2.18. The stock has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.01.

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.