Consolidated Lithium Metals (CVE:CLM) Trading Down 33.3% – Should You Sell?

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

Consolidated Lithium Metals Stock Down 33.3 %

The business has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.02. 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 stock has a market capitalization of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10.

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.