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

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price fell 33.3% during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. 402,700 shares traded hands during trading, a decline of 19% from the average session volume of 498,794 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

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’s 50-day moving average price is C$0.01 and its 200 day moving average price is C$0.02. The firm has a market cap of C$3.56 million, a price-to-earnings 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.