Lion One Metals (CVE:LIO) Shares Down 21.6% - Time to Sell?

Key Points

• Lion One Metals Limited saw a significant stock price drop of 21.6%, trading as low as C$0.29, during mid-day trading on Wednesday.
• Trading volume surged by 724% from the average daily volume, with approximately 3.25 million shares exchanged during the session.
• The company is involved in the acquisition and exploration of mineral resources in Fiji, with its principal property being the 100% owned Tuvatu Gold project.

Shares of Lion One Metals Limited (CVE:LIO - Get Free Report) traded down 21.6% on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.29. 3,249,083 shares changed hands during trading, an increase of 724% from the average session volume of 394,096 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Performance

The firm has a 50 day moving average of C$0.28 and a two-hundred day moving average of C$0.29. The stock has a market cap of C$87.84 million, a PE ratio of -4.21 and a beta of 0.53. The company has a debt-to-equity ratio of 23.85, a current ratio of 4.51 and a quick ratio of 11.23.

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.