Consolidated Lithium Metals (CVE:CLM) Shares Up 50% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) shares rose 50% during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 323,100 shares changed hands during trading, a decline of 36% from the average daily volume of 502,409 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Performance

The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of 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. The stock has a market cap of C$11.68 million, a PE ratio of -10.00 and a beta of 2.18.

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.