Consolidated Lithium Metals (CVE:CLM) Shares Down 16.7% – What’s Next?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) dropped 16.7% during trading on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 484,755 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 719,218 shares. The stock had previously closed at C$0.12.

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 business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.05. The firm has a market capitalization of C$45.57 million, a price-to-earnings ratio of -50.00 and a beta of 1.34.

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.