Consolidated Lithium Metals (CVE:CLM) Stock Price Down 33.3% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM) dropped 33.3% on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 402,700 shares traded hands during trading, a decline of 19% from the average daily volume of 498,794 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The business has a 50-day moving average of C$0.01 and a two-hundred day moving average of C$0.02. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38. The firm has a market cap of C$3.56 million, a P/E ratio of -1.00 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.