Consolidated Lithium Metals (CVE:CLM) Shares Down 25% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) fell 25% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 1,586,711 shares traded hands during trading, an increase of 192% from the average session volume of 543,523 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Trading Down 25.0%

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 has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.02. The firm has a market capitalization of C$17.52 million, a P/E ratio of -15.00 and a beta of 1.51.

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.