Lion One Metals (CVE:LIO) Shares Down 22.1% – Here’s Why

Shares of Lion One Metals Limited (CVE:LIOGet Free Report) fell 22.1% during trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.30. 3,033,449 shares were traded during mid-day trading, an increase of 715% from the average session volume of 372,031 shares. The stock had previously closed at C$0.39.

Lion One Metals Stock Down 22.1 %

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 company has a market capitalization of C$78.61 million, a price-to-earnings ratio of -2.31 and a beta of 0.43. The business’s 50 day moving average is C$0.29 and its 200 day moving average is C$0.31.

About Lion One Metals

(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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