Consolidated Lithium Metals (CVE:CLM) Stock Price Down 33.3% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price fell 33.3% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 903,170 shares were traded during mid-day trading, an increase of 78% from the average session volume of 507,164 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Price Performance

The stock’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. 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 company has a market cap of C$7.79 million, a price-to-earnings ratio of -6.67 and a beta of 2.18.

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.