Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares rose 25% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 241,107 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 275,595 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Trading Up 25.0%

The firm has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.03. The firm has a market capitalization of C$22.78 million, a P/E ratio of -25.00 and a beta of 0.28. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

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.