Consolidated Lithium Metals (CVE:CLM) Shares Up 12.5%

Posted by Jessica Moore on May 24th, 2024

Consolidated Lithium Metals Inc. (CVE:CLM – Get Free Report) rose 12.5% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 2,261,750 shares traded hands during trading, an increase of 364% from the average daily volume of 487,341 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Price Performance

The company has a quick ratio of 0.06, a current ratio of 10.43 and a debt-to-equity ratio of 5.02. The stock has a market capitalization of C$14.25 million, a PE ratio of -2.00 and a beta of -0.23. The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.03.

Insider Transactions at Consolidated Lithium Metals

In other Consolidated Lithium Metals news, Director Brett Laurence Lynch acquired 1,192,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of C$0.03 per share, with a total value of C$35,760.00. Company insiders own 15.85% of the company’s stock.

About Consolidated Lithium Metals

(Get Free Report)

Consolidated Lithium Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for lithium, molybdenum, 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 in the La Motte, La Corne, Figuery, and Landrienne townships; and the Baillargé Lithium-Molybdenite Project located in Quebec.