Consolidated Lithium Metals (CVE:CLM) Trading 37.5% Higher – Time to Buy?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) shot up 37.5% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 921,018 shares were traded during trading, an increase of 83% from the average session volume of 502,232 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Stock Performance

The company has a market capitalization of C$22.78 million, a P/E ratio of -25.00 and a beta of 0.28. The company’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.03. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38.

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.