Consolidated Lithium Metals (CVE:CLM) Trading 10% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares were up 10% on Tuesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 89,075 shares changed hands during trading, a decline of 87% from the average daily volume of 678,106 shares. The stock had previously closed at C$0.10.

Consolidated Lithium Metals Trading Up 4.8%

The stock’s 50 day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$50.12 million, a PE ratio of -55.00 and a beta of 1.34. The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.