Consolidated Lithium Metals (CVE:CLM) Shares Down 33.3% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM)’s stock price fell 33.3% during trading on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. 452,700 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 503,339 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The firm has a market capitalization of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10. The company has a current ratio of 2.04, a quick ratio of 0.06 and a debt-to-equity ratio of 15.38. The firm has a 50 day moving average price of C$0.01 and a 200-day moving average price of C$0.02.

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.