Consolidated Lithium Metals (CVE:CLM) Trading Down 33.3% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 33.3% during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. 402,700 shares were traded during mid-day trading, a decline of 19% from the average session volume of 498,794 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Trading Down 33.3 %

The business’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.02. 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. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

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.