Consolidated Lithium Metals (CVE:CLM) Trading Up 30.8% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price rose 30.8% during mid-day trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 1,517,870 shares changed hands during mid-day trading, an increase of 150% from the average daily volume of 608,294 shares. The stock had previously closed at C$0.07.

Consolidated Lithium Metals Stock Performance

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 fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.04. The firm has a market cap of C$43.29 million, a PE ratio of -47.50 and a beta of 0.28.

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