Consolidated Lithium Metals (CVE:CLM) Trading Down 18.2% – Should You Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was down 18.2% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 262,378 shares changed hands during trading, a decline of 47% from the average daily volume of 497,872 shares. The stock had previously closed at C$0.06.

Consolidated Lithium Metals Stock Down 18.2%

The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The business’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.03. The stock has a market capitalization of C$20.51 million, a PE ratio of -22.50 and a beta of 0.75.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.