Consolidated Lithium Metals (CVE:CLM) Stock Price Down 16.7% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was down 16.7% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 484,755 shares changed hands during 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 Stock Down 16.7%

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 firm has a market capitalization of C$45.57 million, a PE ratio of -50.00 and a beta of 1.34. The business’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.05.

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.