Consolidated Lithium Metals (CVE:CLM) Stock Price Up 30% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock 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 changed 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 Price Performance

The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The company has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.03. The stock has a market cap of C$27.34 million, a price-to-earnings ratio of -30.00 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.