Lion One Metals (CVE:LIO) Stock Price Down 16.8% - Time to Sell?

Key Points

• Lion One Metals Limited experienced a significant stock price decline of 16.8%, trading as low as C$0.30 before closing at C$0.31.
• The trading volume surged to 1,492,390 shares, marking an increase of 291% from the average volume.
• The company, focused on mineral resources in Fiji, holds the Tuvatu Gold project and has a market capitalization of C$89.33 million.

Lion One Metals Limited (CVE:LIO - ) shares traded down 16.8% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. 1,492,390 shares changed hands during mid-day trading, an increase of 291% from the average session volume of 381,974 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Performance

The stock has a 50-day simple moving average of C$0.28 and a 200-day simple moving average of C$0.29. The company has a market capitalization of C$89.33 million, a price-to-earnings ratio of -4.29 and a beta of 0.53. The company has a current ratio of 4.51, a quick ratio of 11.23 and a debt-to-equity ratio of 23.85.

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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