Consolidated Lithium Metals (CVE:CLM) Shares Down 50% – Time to Sell?

Consolidated Lithium Metals Inc. (CVE:CLM) was down 50% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 281,000 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 311,934 shares. The stock had previously closed at C$0.01.

Consolidated Lithium Metals Trading Down 50.0 %

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 firm’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. The stock has a market cap of C$1.78 million, a P/E ratio of -0.50 and a beta of 0.10.

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.