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

Consolidated Lithium Metals Inc. (CVE:CLM) was down 20% during mid-day trading 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 debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The firm has a market capitalization of C$7.79 million, a P/E 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.