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Lion One Metals (CVE:LIO) Stock Price Down 22.1% - Should You Sell?

Lion One Metals logo with Basic Materials background

Shares of Lion One Metals Limited (CVE:LIO - Get Free Report) dropped 22.1% during mid-day trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.30. Approximately 3,033,449 shares were traded during mid-day trading, an increase of 720% from the average daily volume of 369,845 shares. The stock had previously closed at C$0.39.

Lion One Metals Stock Performance

The company has a debt-to-equity ratio of 23.06, a quick ratio of 11.23 and a current ratio of 4.07. The firm has a market cap of C$79.40 million, a P/E ratio of -2.33 and a beta of 0.43. The business's 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.31.

Lion One Metals Company Profile

(Get Free Report)

Lion One Metals Limited engages in the acquisition, exploration, and evaluation of mineral resources in Fiji. The company's principal property is the 100% owned Tuvatu Gold project, which comprise four special prospecting licenses covering an area of approximately 13,613 hectares located on the island of Viti Levu in Fiji.

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