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

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price dropped 50% during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,533,000 shares were traded during mid-day 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 Down 50.0 %

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’s fifty day moving average is C$0.01 and its 200 day moving average is C$0.01. The stock has a market cap of C$1.78 million, a P/E ratio of -0.50 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.