Consolidated Lithium Metals (CVE:CLM) Trading 10% Higher – Time to Buy?

Consolidated Lithium Metals Inc. (CVE:CLM) shares shot up 10% during trading on Friday . The company traded as high as C$0.07 and last traded at C$0.06. 1,606,518 shares changed hands during mid-day trading, an increase of 245% from the average session volume of 466,050 shares. The stock had previously closed at C$0.05.

Consolidated Lithium Metals Stock 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 company has a market cap of C$27.34 million, a price-to-earnings ratio of -30.00 and a beta of 0.28. The firm has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.03.

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.