Consolidated Lithium Metals (CVE:CLM) Stock Price Down 25% – Here’s Why

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

Consolidated Lithium Metals Price Performance

The business’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.02. The firm has a market capitalization of C$19.47 million, a P/E ratio of -16.67 and a beta of 0.96. The company has a current ratio of 2.04, a quick ratio of 0.06 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.