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

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price dropped 50% during mid-day trading on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares were traded during mid-day 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 Stock Performance

The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The stock has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The stock has a market cap of C$1.78 million, a P/E ratio of -0.50 and a beta of 0.10.

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.