Consolidated Lithium Metals (CVE:CLM) Trading Down 20% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) fell 20% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 526,313 shares were traded during trading, an increase of 80% from the average session volume of 292,839 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Price Performance

The company has a market cap of C$18.23 million, a price-to-earnings ratio of -20.00 and a beta of 0.28. The company has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.03. 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.