Consolidated Lithium Metals (CVE:CLM) Stock Price Down 9.1% – Time to Sell?

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

Consolidated Lithium Metals Trading Down 9.1%

The business’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. The stock has a market cap of C$11.68 million, a price-to-earnings ratio of -10.00 and a beta of 2.18. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

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.