Consolidated Lithium Metals (CVE:CLM) Trading 17.6% Higher – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) shares shot up 17.6% during mid-day trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.10. 1,982,021 shares traded hands during mid-day trading, an increase of 176% from the average session volume of 718,955 shares. The stock had previously closed at C$0.09.

Consolidated Lithium Metals Trading Up 11.8%

The company’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.04. The firm has a market cap of C$43.29 million, a PE ratio of -47.50 and a beta of 1.34. The company has a quick ratio of 0.06, a current ratio of 2.04 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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.