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

Consolidated Lithium Metals Inc. (CVE:CLM) shares were down 50% during mid-day trading on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Stock Performance

The firm has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. 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 firm has a market cap of C$1.78 million, a PE 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.