Consolidated Lithium Metals (CVE:CLM) Trading Up 50% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was up 50% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,150,000 shares traded hands during mid-day trading, an increase of 161% from the average daily volume of 440,764 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Up 50.0 %

The company’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02. 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 firm has a market cap of C$5.34 million, a price-to-earnings ratio of -1.00 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.