Consolidated Lithium Metals (CVE:CLM) Trading Down 8.3% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was down 8.3% during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 417,255 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 716,968 shares. The stock had previously closed at C$0.12.

Consolidated Lithium Metals Stock Down 16.7%

The firm has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05. The company has a market capitalization of C$45.57 million, a PE ratio of -50.00 and a beta of 1.34. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04.

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.