Consolidated Lithium Metals (CVE:CLM) Stock Price Down 14.3% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price traded down 14.3% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. 208,095 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 495,114 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Trading Up 16.7%

The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The business’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.01. The company has a market cap of C$13.63 million, a price-to-earnings ratio of -11.67 and a beta of 1.51.

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.