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

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) were down 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 mid-day 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 company has a 50-day simple moving average of C$0.02 and a two-hundred 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 firm has a market cap 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.