Consolidated Lithium Metals (CVE:CLM) Trading Down 50% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 50% during mid-day trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. 313,402 shares were traded during trading, an increase of 44% from the average session volume of 216,931 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Price Performance

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The business’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. The stock has a market capitalization of C$3.56 million, a price-to-earnings ratio of -1.00 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.