Consolidated Lithium Metals (CVE:CLM) Shares Up 33.3%

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) rose 33.3% during trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 711,504 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 365,734 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The company has a debt-to-equity ratio of 10.33, a quick ratio of 0.06 and a current ratio of 3.71. The stock’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.03. The stock has a market cap of C$7.13 million, a PE ratio of -0.67 and a beta of -0.30.

Insiders Place Their Bets

In other news, Senior Officer Richard Placide Quesnel bought 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of C$0.03 per share, with a total value of C$50,000.00. 15.85% of the stock is owned by insiders.

Consolidated Lithium Metals Company Profile

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.