Consolidated Lithium Metals (CVE:CLM) Trading Up 33.3% – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares shot up 33.3% on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 916,945 shares changed hands during mid-day trading, an increase of 126% from the average session volume of 405,164 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The stock’s 50-day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The stock has a market capitalization of C$5.34 million, a P/E ratio of -1.50 and a beta of 0.10. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38.

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.