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

Lion One Metals logo with Basic Materials background

Key Points

  • Shares of Lion One Metals Limited dropped 21.6% on Wednesday, trading at C$0.29 and experiencing a significant increase in trading volume.
  • The company's market cap stands at C$86.35 million with a price-to-earnings ratio of -4.14 and a debt-to-equity ratio of 23.85.
  • Lion One Metals is focused on acquiring and exploring mineral resources in Fiji, specifically the Tuvatu Gold project on Viti Levu island.
  • Five stocks we like better than Lion One Metals.

Shares of Lion One Metals Limited (CVE:LIO - Get Free Report) traded down 21.6% on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. 3,249,083 shares changed hands during mid-day trading, an increase of 727% from the average session volume of 392,746 shares. The stock had previously closed at C$0.37.

Lion One Metals Price Performance

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

Lion One Metals Company Profile

(Get Free Report)

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.

Further Reading

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