Consolidated Lithium Metals (CVE:CLM) Stock Price Down 20%

Consolidated Lithium Metals Inc. (CVE:CLMGet Free Report) shares were down 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 297,400 shares were traded during trading, a decline of 32% from the average daily volume of 436,142 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Price Performance

The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The company has a market capitalization of C$8.91 million, a price-to-earnings ratio of -1.25 and a beta of -0.23. The company has a current ratio of 10.43, a quick ratio of 0.06 and a debt-to-equity ratio of 5.02.

Insiders Place Their Bets

In other news, Director Brett Laurence Lynch bought 952,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of C$0.04 per share, with a total value of C$33,320.00. In the last three months, insiders have purchased 4,469,000 shares of company stock valued at $157,205. Company insiders own 18.40% of the company’s stock.

Consolidated Lithium Metals Company Profile

(Get Free Report)

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.

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