Consolidated Lithium Metals (CVE:CLM) Shares Up 25% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) rose 25% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 220,107 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 268,595 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Stock Up 25.0%

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. The stock’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.03.

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.