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

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

Consolidated Lithium Metals Stock Performance

The firm has a market cap of C$1.78 million, a price-to-earnings ratio of -0.50 and a beta of 0.10. The stock has a 50 day moving average of C$0.01 and a 200 day moving average of C$0.01. The company has a quick ratio of 0.06, a current ratio of 2.04 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.