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

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was down 50% during mid-day trading on Saturday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares changed hands during trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Down 50.0 %

The firm has a market capitalization of C$1.78 million, a P/E ratio of -0.50 and a beta of 0.10. 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’s 50-day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

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.