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

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price fell 50% during trading on Saturday . The stock traded as low as C$0.01 and last traded at C$0.01. 281,000 shares were traded during trading, a decline of 10% from the average session volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Stock Performance

The company has a market capitalization of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10. The stock’s 50 day moving average price is C$0.01 and its 200 day moving average price is 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.

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.