Consolidated Lithium Metals (CVE:CLM) Shares Down 25% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) was down 25% during mid-day trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 2,235,169 shares traded hands during mid-day trading, an increase of 463% from the average daily volume of 397,134 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Trading Down 25.0%

The firm’s 50-day moving average price is C$0.01 and its 200-day moving average price is 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. The company has a market cap of C$5.34 million, a P/E ratio of -1.50 and a beta of 0.10.

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.