Consolidated Lithium Metals (CVE:CLM) Stock Price Down 50% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM) was down 50% on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares changed hands during trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Price Performance

The stock has a 50 day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. 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 company has a market cap of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10.

Consolidated Lithium Metals Company Profile

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.