Consolidated Lithium Metals (CVE:CLM) Trading 30% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price rose 30% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 1,623,518 shares traded hands during trading, an increase of 146% from the average daily volume of 658,961 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock Up 20.0%

The firm has a market cap of C$27.34 million, a PE ratio of -30.00 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38. The firm has a 50 day moving average price of C$0.05 and a 200-day moving average price 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.