Lion One Metals (CVE:LIO) Stock Price Down 16.2% - Here's Why

Key Points

• Lion One Metals Limited saw a significant stock decline of 16.2% on Wednesday, closing at C$0.31 after reaching a low of C$0.30.
• The company has a debt-to-equity ratio of 23.85 and a current ratio of 4.51, indicating a relatively high debt level compared to equity.
• Lion One Metals is primarily focused on exploring and evaluating mineral resources in Fiji, with its principal property being the Tuvatu Gold project.

Shares of Lion One Metals Limited (CVE:LIO - ) fell 16.2% on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. 1,560,923 shares changed hands during trading, an increase of 309% from the average session volume of 381,974 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Down 18.9%

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 cap of C$89.33 million, a PE ratio of -4.29 and a beta of 0.53. The business has a fifty day moving average price of C$0.28 and a two-hundred day moving average price of C$0.29.

Lion One Metals Company Profile

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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