Consolidated Lithium Metals (CVE:CLM) Shares Up 30% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price rose 30% during trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 1,610,518 shares traded hands during mid-day trading, an increase of 293% from the average daily volume of 409,375 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock Performance

The stock’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.03. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38. The firm has a market capitalization of C$27.34 million, a price-to-earnings ratio of -30.00 and a beta of 0.28.

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