Consolidated Lithium Metals (CVE:CLM) Shares Down 25% – Should You Sell?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) traded down 25% during trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 1,586,711 shares traded hands during trading, an increase of 192% from the average session volume of 543,523 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Stock Performance

The company has a market capitalization of C$19.47 million, a price-to-earnings ratio of -16.67 and a beta of 0.96. The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The stock has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.02.

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.