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

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

Consolidated Lithium Metals Price Performance

The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The firm has a market cap of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10. The stock’s 50-day moving average is C$0.01 and its 200-day moving average is 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.