Consolidated Lithium Metals (CVE:CLM) Trading Down 25%

Consolidated Lithium Metals Inc. (CVE:CLM) shares were down 25% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 175,000 shares were traded during trading, a decline of 52% from the average daily volume of 361,991 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Performance

The company has a debt-to-equity ratio of 10.33, a current ratio of 3.71 and a quick ratio of 0.06. The stock has a market cap of C$7.13 million, a price-to-earnings ratio of -0.67 and a beta of -0.30. The company’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03.

Insider Activity

In related news, Senior Officer Richard Placide Quesnel acquired 2,000,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of C$0.03 per share, for a total transaction of C$50,000.00. Corporate insiders own 15.85% of the company’s stock.

Consolidated Lithium Metals Company Profile

Consolidated Lithium Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for lithium, molybdenum, 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 in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite Project located in Quebec.