Consolidated Lithium Metals (CVE:CLM) Shares Down 50% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price dropped 50% on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 1,533,000 shares were traded during trading, an increase of 354% from the average daily volume of 337,312 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Price Performance

The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The firm has a market cap of C$1.78 million, a PE ratio of -0.50 and a beta of 0.10. The firm’s fifty day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01.

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.