Consolidated Lithium Metals (CVE:CLM) Trading 30.8% Higher – Should You Buy?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) traded up 30.8% on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 1,808,240 shares traded hands during mid-day trading, an increase of 196% from the average session volume of 610,471 shares. The stock had previously closed at C$0.07.

Consolidated Lithium Metals Stock Up 18.8%

The stock has a market cap of C$43.29 million, a P/E ratio of -47.50 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38. The stock’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.04.

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.