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Lion Electric (TSE:LEV) Shares Down 20% - Here's Why

Lion Electric logo with Industrials background

The Lion Electric Company (TSE:LEV - Get Free Report) shares dropped 20% during mid-day trading on Monday . The company traded as low as C$0.34 and last traded at C$0.38. Approximately 1,470,054 shares changed hands during mid-day trading, an increase of 212% from the average daily volume of 470,841 shares. The stock had previously closed at C$0.48.

Lion Electric Price Performance

The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. The business has a 50 day simple moving average of C$0.65 and a 200-day simple moving average of C$0.96. The firm has a market cap of C$78.05 million, a price-to-earnings ratio of -0.49 and a beta of 2.59.

Lion Electric Company Profile

(Get Free Report)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.

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