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

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 20% during trading on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. 228,000 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 503,788 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Stock Performance

The stock has a 50 day moving average of C$0.02 and a 200 day 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 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.