Consolidated Lithium Metals (CVE:CLM) Trading Down 50% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) dropped 50% during trading on Thursday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 1,533,000 shares changed hands during mid-day trading, an increase of 354% from the average daily volume of 337,312 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Down 50.0 %

The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The business’s 50-day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. The stock has a market capitalization of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10.

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.