Consolidated Lithium Metals (CVE:CLM) Trading Down 25% – Time to Sell?

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

Consolidated Lithium Metals Stock Performance

The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.02. 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 firm has a market capitalization of C$19.47 million, a PE ratio of -16.67 and a beta of 0.96.

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.