Consolidated Lithium Metals (CVE:CLM) Stock Price Down 50% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) were down 50% on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Stock Down 50.0 %

The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The stock has a market capitalization of C$1.78 million, a PE ratio of -0.50 and a beta of 0.10. The company has a 50 day moving average price of C$0.01 and a 200-day moving average price of C$0.01.

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.