Consolidated Lithium Metals (CVE:CLM) Shares Up 30.8% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded up 30.8% during trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 2,116,240 shares changed hands during mid-day trading, an increase of 229% from the average session volume of 643,199 shares. The stock had previously closed at C$0.07.

Consolidated Lithium Metals Trading Up 23.1%

The company has a market cap of C$36.45 million, a P/E ratio of -40.00 and a beta of 0.28. The firm’s 50 day moving average is C$0.05 and its two-hundred day moving average is C$0.04. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

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.