Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares traded up 25% during trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 347,500 shares traded hands during 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 Stock Performance

The firm has a market capitalization of C$7.79 million, a PE ratio of -6.67 and a beta of 2.18. The firm has a 50-day moving average price of C$0.02 and a 200 day moving average price 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.

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.