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

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

Consolidated Lithium Metals Stock Performance

The business has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of 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 capitalization of C$7.79 million, a PE 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.