Consolidated Lithium Metals (CVE:CLM) Shares Up 17.6% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price was up 17.6% during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 1,854,021 shares were traded during trading, an increase of 162% from the average daily volume of 708,663 shares. The stock had previously closed at C$0.09.

Consolidated Lithium Metals Stock Up 23.5%

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 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.04. The stock has a market cap of C$47.85 million, a P/E ratio of -52.50 and a beta of 1.34.

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.