Consolidated Lithium Metals (CVE:CLM) Trading Down 20% – Here’s Why

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) dropped 20% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 526,313 shares changed 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 Down 20.0%

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 business’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.03. 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.