Laurion Mineral Exploration (CVE:LME) Shares Up 1.5% - Still a Buy?

Key Points

• Laurion Mineral Exploration Inc. shares increased by 1.5%, trading at C$0.34 on Wednesday, although trading volume was significantly lower than average.
• The company has a market cap of C$91.82 million and is exploring various minerals, including gold and silver, primarily at its flagship Ishkoday property in Thunder Bay.
• Laurion has a P/E ratio of -33.50 and maintains a negative beta of -0.75, indicating it moves inversely to market trends.

Laurion Mineral Exploration Inc. (CVE:LME - ) traded up 1.5% on Wednesday . The company traded as high as C$0.34 and last traded at C$0.34. 24,942 shares were traded during mid-day trading, a decline of 69% from the average session volume of 79,599 shares. The stock had previously closed at C$0.33.

Laurion Mineral Exploration Stock Performance

The firm has a 50-day moving average of C$0.37 and a 200-day moving average of C$0.36. The firm has a market capitalization of C$91.82 million, a P/E ratio of -33.50 and a beta of -0.75.

Laurion Mineral Exploration Company Profile

Laurion Mineral Exploration Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, zinc, copper, and other base metal deposits. The company's flagship property is the Ishkoday property covering an area of 57.43 square kilometer located in Irwin, Pifher, Walters, and Elmhirst townships, Thunder Bay Mining Division.

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