Lion One Metals (CVE:LIO) Shares Down 21.6% - Here's Why

Key Points

• Lion One Metals' stock experienced a significant decline of 21.6%, trading as low as C$0.29, with a trading volume increase of 724% beyond the average daily volume.
• The company's current financial metrics include a debt-to-equity ratio of 23.85, a market capitalization of C$86.35 million, and a P/E ratio of -4.14.
• Lion One Metals focuses on the exploration and evaluation of mineral resources in Fiji, with its principal asset being the Tuvatu Gold project, covering approximately 13,613 hectares.

Lion One Metals Limited (CVE:LIO - )'s share price was down 21.6% during trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 3,249,083 shares were traded during mid-day trading, an increase of 724% from the average daily volume of 394,096 shares. The stock had previously closed at C$0.37.

Lion One Metals Price Performance

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

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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