Consolidated Lithium Metals (CVE:CLM) Trading Down 13.6% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM) was down 13.6% during trading on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 189,388 shares changed hands during trading, a decline of 71% from the average daily volume of 655,553 shares. The stock had previously closed at C$0.11.

Consolidated Lithium Metals Stock Performance

The stock has a market cap of C$50.12 million, a P/E ratio of -55.00 and a beta of 1.34. The company has a debt-to-equity ratio of 15.38, a current ratio of 2.04 and a quick ratio of 0.06. The company has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.05.

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.