Consolidated Lithium Metals (CVE:CLM) Shares Down 18.2% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) shares dropped 18.2% during mid-day trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 264,278 shares changed hands during trading, a decline of 47% from the average daily volume of 497,882 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Stock Performance

The stock has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The stock has a market capitalization of C$22.78 million, a price-to-earnings ratio of -25.00 and a beta of 0.75.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.