Consolidated Lithium Metals (CVE:CLM) Trading Down 33.3% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) fell 33.3% during mid-day trading on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. 452,700 shares changed hands during trading, a decline of 10% from the average session volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Performance

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The stock has a market cap of C$3.56 million, a PE ratio of -1.00 and a beta of 0.10. The firm has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.02.

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.