Consolidated Lithium Metals (CVE:CLM) Stock Price Down 25% – Here’s What Happened

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

Consolidated Lithium Metals Price Performance

The stock has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.01. 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 firm has a market cap of C$5.34 million, a price-to-earnings ratio of -1.50 and a beta of 0.10.

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.