Consolidated Lithium Metals (CVE:CLM) Shares Down 33.3% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM) was down 33.3% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 903,170 shares were traded during trading, an increase of 78% from the average daily volume of 507,164 shares. The stock had previously closed at C$0.03.

Consolidated Lithium Metals Stock Performance

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’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.01. The stock has a market cap of C$7.79 million, a price-to-earnings ratio of -6.67 and a beta of 2.18.

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.