Consolidated Lithium Metals (CVE:CLM) Shares Down 9.1% – Should You Sell?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) dropped 9.1% during mid-day trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 178,364 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 497,901 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Price Performance

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$11.68 million, a P/E ratio of -10.00 and a beta of 2.18. The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.01.

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.