Consolidated Lithium Metals (CVE:CLM) Shares Up 21.4% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price was up 21.4% on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 433,382 shares changed hands during trading, a decline of 41% from the average daily volume of 734,553 shares. The stock had previously closed at C$0.07.

Consolidated Lithium Metals Stock Down 5.9%

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 stock’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.06. The stock has a market cap of C$36.45 million, a P/E ratio of -40.00 and a beta of -0.27.

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.