Consolidated Lithium Metals (CVE:CLM) Stock Price Down 16.7% – What’s Next?

Consolidated Lithium Metals Inc. (CVE:CLM) traded down 16.7% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 484,755 shares were traded during trading, a decline of 33% from the average session volume of 719,218 shares. The stock had previously closed at C$0.12.

Consolidated Lithium Metals Price Performance

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 company has a market cap of C$45.57 million, a price-to-earnings ratio of -50.00 and a beta of 1.34. The business has a fifty day moving average price of C$0.06 and a 200 day moving average price of C$0.05.

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.