Consolidated Lithium Metals (CVE:CLM) Shares Down 50% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) shares dropped 50% during mid-day trading 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 mid-day 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 Trading Down 50.0 %

The company has a debt-to-equity ratio of 15.38, a quick ratio of 0.06 and a current ratio of 2.04. The stock has a market capitalization of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10. The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of 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.