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

Key Points

• Lion One Metals shares fell 21.6%, closing at C$0.29, with a significant volume increase of 724% on the trading day.
• The company has a market capitalization of C$86.35 million and a debt-to-equity ratio of 23.85, indicating a relatively high level of debt.
• Lion One Metals is focused on mineral resource exploration in Fiji, primarily through its Tuvatu Gold project covering 13,613 hectares.

Lion One Metals Limited (CVE:LIO - ) shares dropped 21.6% during trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 3,249,083 shares changed hands 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 business 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. The firm has a market capitalization of C$86.35 million, a P/E ratio of -4.14 and a beta of 0.53.

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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