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Lion One Metals (CVE:LIO) Trading Down 20% - Here's What Happened

Lion One Metals logo with Basic Materials background

Shares of Lion One Metals Limited (CVE:LIO - Get Free Report) fell 20% during mid-day trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.31. 2,821,774 shares were traded during mid-day trading, an increase of 679% from the average session volume of 362,313 shares. The stock had previously closed at C$0.39.

Lion One Metals Stock Down 5.3 %

The company has a quick ratio of 11.23, a current ratio of 4.07 and a debt-to-equity ratio of 23.06. The business has a 50-day moving average price of C$0.29 and a 200-day moving average price of C$0.31. The firm has a market capitalization of C$79.40 million, a PE ratio of -2.33 and a beta of 0.43.

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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