Consolidated Lithium Metals (CVE:CLM) Trading Down 25% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) dropped 25% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 1,586,711 shares were traded during trading, an increase of 192% from the average daily volume of 543,523 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Price Performance

The firm has a market cap of C$19.47 million, a PE ratio of -16.67 and a beta of 0.96. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The stock has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.02.

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.