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

Consolidated Lithium Metals Inc. (CVE:CLM) shares dropped 50% 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 trading, an increase of 444% from the average daily volume of 281,756 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Stock Down 50.0 %

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The company has a market cap of C$1.78 million, a P/E ratio of -0.50 and a beta of 0.10. The firm’s 50-day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01.

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.