Consolidated Lithium Metals (CVE:CLM) Shares Up 33.3% – Still a Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 2,951,000 shares changed hands during mid-day trading, an increase of 528% from the average session volume of 469,744 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

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 stock’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The stock has a market cap of C$7.13 million, a PE ratio of -2.00 and a beta of 0.16.

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.