Consolidated Lithium Metals (CVE:CLM) Stock Price Down 9.1% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM) shares 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 stock has a market capitalization of C$11.68 million, a P/E ratio of -10.00 and a beta of 2.18. 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 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.