Consolidated Lithium Metals (CVE:CLM) Stock Price Down 50% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 50% during mid-day trading on Saturday . The stock traded as low as C$0.01 and last traded at C$0.01. 281,000 shares changed hands during mid-day trading, a decline of 10% from the average session 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 moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a market cap of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10.

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.