Consolidated Lithium Metals (CVE:CLM) Stock Price Up 100% – Still a Buy?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was up 100% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 6,474,204 shares were traded during mid-day trading, an increase of 1,265% from the average daily volume of 474,393 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The firm has a market capitalization of C$14.25 million, a PE ratio of -4.00 and a beta of 0.10. The firm’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

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.