Consolidated Lithium Metals (CVE:CLM) Shares Down 8.3% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) shares traded down 8.3% on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. 153,785 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 705,669 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 current ratio of 2.04 and a quick ratio of 0.06. The firm has a market cap of C$45.57 million, a price-to-earnings ratio of -50.00 and a beta of 1.34. The stock has a 50-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.