Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was up 25% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 835,018 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 456,232 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Stock Up 37.5%

The stock has a market cap of C$25.06 million, a price-to-earnings ratio of -27.50 and a beta of 0.28. The business’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.03. 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.