Consolidated Lithium Metals (CVE:CLM) Shares Down 50% – Here’s Why

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

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 stock has a fifty day moving average price of C$0.01 and a 200-day moving average price of C$0.01. The firm has a market capitalization of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10.

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.