Consolidated Lithium Metals (CVE:CLM) Shares Up 33.3% – Here’s What Happened

Consolidated Lithium Metals Inc. (CVE:CLM) shot up 33.3% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 2,951,000 shares traded hands during mid-day trading, an increase of 528% from the average session volume of 469,744 shares. The stock had previously closed at C$0.02.

Consolidated Lithium Metals Price Performance

The stock has a market capitalization of C$7.13 million, a price-to-earnings ratio of -2.00 and a beta of 0.10. 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 company has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02.

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.