Lion One Metals (CVE:LIO) Shares Down 18.9% - Here's Why

Key Points

• Lion One Metals shares dropped by 18.9%, falling to a low of C$0.29 during mid-day trading on Wednesday.
• The company saw a significant increase in trading volume, with 2,679,243 shares changing hands, up 586% from the average.
• Lion One Metals has a market capitalization of C$86.35 million and engages in the exploration of mineral resources in Fiji, notably the Tuvatu Gold project.

Lion One Metals Limited (CVE:LIO - )'s share price fell 18.9% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.30. 2,679,243 shares traded hands during trading, an increase of 586% from the average session volume of 390,635 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Performance

The company has a market capitalization of C$86.35 million, a price-to-earnings ratio of -4.14 and a beta of 0.53. The company has a current ratio of 4.51, a quick ratio of 11.23 and a debt-to-equity ratio of 23.85. The stock's fifty day simple moving average is C$0.28 and its 200-day simple moving average is C$0.29.

Lion One Metals Company Profile

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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