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

Consolidated Lithium Metals Inc. (CVE:CLM) shares dropped 50% during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,533,000 shares traded hands during trading, an increase of 354% from the average daily volume of 337,312 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 market capitalization of C$1.78 million, a PE ratio of -0.50 and a beta of 0.10. The firm has a fifty day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01.

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.