Consolidated Lithium Metals (CVE:CLM) Trading 17.6% Higher – Still a Buy?

Shares of Consolidated Lithium Metals Inc. (CVE:CLM) shot up 17.6% on Wednesday . The company traded as high as C$0.11 and last traded at C$0.10. 2,059,001 shares traded hands during mid-day trading, an increase of 185% from the average session volume of 723,079 shares. The stock had previously closed at C$0.09.

Consolidated Lithium Metals Price Performance

The firm has a market capitalization of C$43.29 million, a PE ratio of -47.50 and a beta of 1.34. 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 fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.04.

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. The company was formerly known as Jourdan Resources Inc and changed its name to Consolidated Lithium Metals Inc in June 2023.