Consolidated Lithium Metals (CVE:CLM) Reaches New 1-Year Low – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 65000 shares changing hands. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Stock Down 33.3 %

The company has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a market cap of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38.

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.