Consolidated Lithium Metals (CVE:CLM) Shares Up 25% – Still a Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares were up 25% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 241,107 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 275,595 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Price Performance

The business’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.03. The company has a market capitalization of C$22.78 million, a P/E ratio of -25.00 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.