Consolidated Lithium Metals (CVE:CLM) Shares Down 20% – Here’s What Happened

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) dropped 20% on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 228,000 shares traded hands during trading, a decline of 55% from the average daily volume of 503,788 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Stock Performance

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

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.