Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) traded up 25% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 220,107 shares changed hands during trading, a decline of 18% from the average session volume of 268,595 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Stock 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 firm has a market cap of C$22.78 million, a P/E ratio of -25.00 and a beta of 0.28. The business has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.03.

Consolidated Lithium Metals Company Profile

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.