Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM) traded up 25% during trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. 347,500 shares were traded during mid-day trading, a decline of 31% from the average session volume of 505,926 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

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 stock’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.01. The firm has a market capitalization of C$7.79 million, a price-to-earnings ratio of -6.67 and a beta of 2.18.

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.