Consolidated Lithium Metals (CVE:CLM) Stock Price Down 20% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price traded down 20% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 526,313 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 292,839 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock Down 9.1%

The firm has a market capitalization of C$22.78 million, a P/E ratio of -25.00 and a beta of 0.28. The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The business’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is 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.