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

Consolidated Lithium Metals Inc. (CVE:CLM) shares traded down 33.3% on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 452,700 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The company’s fifty day moving average price is C$0.01 and its two-hundred day moving average price is C$0.02. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The company has a market cap 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.