Consolidated Lithium Metals (CVE:CLM) Trading 30% Higher – Time to Buy?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price rose 30% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 1,617,518 shares were traded during mid-day trading, an increase of 147% from the average daily volume of 656,128 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Trading Up 20.0%

The firm’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.03. 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 company has a market capitalization of C$27.34 million, a PE ratio of -30.00 and a beta of 0.28.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.