Consolidated Lithium Metals (CVE:CLM) Stock Price Up 37.5% – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM) shares shot up 37.5% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 921,018 shares were traded during trading, an increase of 83% from the average session volume of 502,232 shares. The stock had previously closed at C$0.04.

Consolidated Lithium Metals Trading Up 37.5%

The firm has a market cap of C$25.06 million, a PE ratio of -27.50 and a beta of 0.28. 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 business has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.03.

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