Consolidated Lithium Metals (CVE:CLM) Hits New 52-Week Low – Here’s Why

Consolidated Lithium Metals Inc. (CVE:CLM)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 1000750 shares traded. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The business’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The company has a quick ratio of 0.06, a current ratio of 2.04 and a debt-to-equity ratio of 15.38. The company has a market capitalization of C$5.34 million, a P/E ratio of -1.50 and a beta of 0.10.

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.