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

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

Consolidated Lithium Metals Stock Performance

The stock has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.03. 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 firm has a market cap of C$18.23 million, a PE ratio of -20.00 and a beta of 0.28.

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.