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

Consolidated Lithium Metals Inc. (CVE:CLM) was down 33.3% during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 402,700 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 498,794 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 current ratio of 2.04 and a quick ratio of 0.06. The company’s fifty day moving average price is C$0.01 and its 200 day moving average price is C$0.02. The company has a market cap of C$3.56 million, a PE ratio of -1.00 and a beta of 0.10.

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.