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

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was down 33.3% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 142,500 shares traded hands during trading, a decline of 67% from the average daily volume of 429,389 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Performance

The firm’s fifty day moving average is C$0.01 and its 200-day moving average is 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 stock has a market capitalization of C$3.56 million, a PE ratio of -1.50 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.