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

Consolidated Lithium Metals Inc. (CVE:CLM) was 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. Approximately 452,700 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Trading Down 33.3 %

The company has a 50 day moving average of C$0.01 and a two-hundred day moving average of C$0.02. 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 stock has a market capitalization of C$3.56 million, a PE ratio of -1.00 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.