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

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price dropped 33.3% during trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 142,500 shares traded hands during trading, a decline of 67% from the average daily volume of 429,389 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The firm has a market cap of C$3.56 million, a P/E ratio of -1.00 and a beta of 0.10. 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’s 50-day moving average is C$0.01 and its two-hundred day moving average is C$0.02.

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.