Consolidated Lithium Metals (CVE:CLM) Trading Up 30% – Time to Buy?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) traded up 30% during trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,617,518 shares were traded during trading, an increase of 146% from the average session volume of 656,794 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock Performance

The business has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.03. The firm has a market cap of C$27.34 million, a PE ratio of -30.00 and a beta of 0.28. The company has a quick ratio of 0.06, a current ratio of 2.04 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.