Consolidated Lithium Metals (CVE:CLM) Trading 25% Higher – Still a Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shot up 25% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 768,018 shares traded hands during trading, an increase of 81% from the average session volume of 424,232 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Stock Performance

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 company has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.03. The firm has a market capitalization of C$25.06 million, a price-to-earnings ratio of -27.50 and a beta of 0.28.

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.