Consolidated Lithium Metals (CVE:CLM) Trading 37.5% Higher – Time to Buy?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price rose 37.5% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 921,018 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 502,232 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Price Performance

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 company’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.03. The firm has a market capitalization of C$22.78 million, a price-to-earnings ratio of -25.00 and a beta of 0.28.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.