Consolidated Lithium Metals (CVE:CLM) Shares Down 50% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was down 50% during mid-day trading on Saturday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares traded hands during trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Stock Performance

The firm’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. 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 capitalization of C$1.78 million, a price-to-earnings 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.