Lion One Metals (CVE:LIO) Shares Down 1.9% - Here's Why

Key Points

• Lion One Metals Limited saw its stock price decline by 1.9%, closing at C$0.26 on Thursday, with trading volume down by 31% compared to its average.
• The company has a market capitalization of C$69.15 million, a PE ratio of -2.43, and a high debt-to-equity ratio of 23.85.
• Lion One Metals is primarily involved in the exploration of mineral resources in Fiji, particularly through its Tuvatu Gold project.

Lion One Metals Limited (CVE:LIO - Get Free Report)'s stock price dropped 1.9% on Thursday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 260,325 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 376,902 shares. The stock had previously closed at C$0.27.

Lion One Metals Trading Up 5.8%

The firm has a market cap of C$73.14 million, a P/E ratio of -2.57 and a beta of 0.43. The firm's fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.30. The company has a quick ratio of 11.23, a current ratio of 4.51 and a debt-to-equity ratio of 23.85.

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.