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

Consolidated Lithium Metals Inc. (CVE:CLM) shares fell 20% during mid-day 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 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 Down 20.0%

The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The company has a market capitalization of C$7.79 million, a P/E ratio of -6.67 and a beta of 2.18. The stock has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.01.

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.