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

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 50% during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 1,331,117 shares changed hands during mid-day trading, an increase of 468% from the average session volume of 234,325 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Up 100.0%

The company has a market capitalization of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10. The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

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.