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

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) fell 25% during mid-day trading on Saturday . The stock 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 company’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The stock has a market cap of C$5.34 million, a P/E ratio of -1.50 and a beta of 0.10. 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.