Consolidated Lithium Metals (CVE:CLM) Trading 17.6% Higher – Should You Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) rose 17.6% on Wednesday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 1,854,021 shares changed hands during trading, an increase of 162% from the average daily volume of 708,663 shares. The stock had previously closed at C$0.09.

Consolidated Lithium Metals Price Performance

The firm has a market capitalization of C$47.85 million, a P/E ratio of -52.50 and a beta of 1.34. The business’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.04. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38.

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.