Lion One Metals (CVE:LIO) Shares Down 20.3% - Time to Sell?

Key Points

• Lion One Metals' shares fell by 20.3% during mid-day trading, last priced at C$0.30, down from a prior close of C$0.37.
• The company's market capitalization is approximately C$86.35 million, with a price-to-earnings ratio of -4.14 and a significant increase in trading volume by 552% compared to the average.
• Lion One Metals focuses on mineral resource exploration in Fiji, specifically the Tuvatu Gold project, which spans approximately 13,613 hectares.

Shares of Lion One Metals Limited (CVE:LIO - ) were down 20.3% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.30. Approximately 2,540,932 shares were traded during mid-day trading, an increase of 552% from the average daily volume of 389,743 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Down 21.6%

The stock has a market capitalization of C$86.35 million, a price-to-earnings ratio of -4.14 and a beta of 0.53. The firm has a 50-day moving average of C$0.28 and a 200 day moving average of C$0.29. The company has a current ratio of 4.51, a quick ratio of 11.23 and a debt-to-equity ratio of 23.85.

About Lion One Metals

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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