Consolidated Lithium Metals (CVE:CLM) Shares Down 25% – Time to Sell?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) traded down 25% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 1,586,711 shares changed hands during mid-day 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 Price Performance

The firm has a market capitalization of C$17.52 million, a P/E ratio of -15.00 and a beta of 1.51. The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

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.