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

Consolidated Lithium Metals Inc. (CVE:CLM) fell 25% on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. 2,235,169 shares were traded during mid-day 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 Stock Down 25.0%

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The firm has a market capitalization of C$5.34 million, a P/E ratio of -1.50 and a beta of 0.10. The stock has a fifty day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01.

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.