Consolidated Lithium Metals (CVE:CLM) Shares Up 30% – What’s Next?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) were up 30% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 1,610,518 shares were traded during trading, an increase of 293% from the average daily volume of 409,375 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock Performance

The stock has a market capitalization of C$27.34 million, a PE ratio of -30.00 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. The firm has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.03.

Consolidated Lithium Metals Company Profile

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.