Consolidated Lithium Metals (CVE:CLM) Trading Down 9.1% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 9.1% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 178,364 shares changed hands during mid-day 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 Stock Down 9.1%

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

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.