Lion One Metals (CVE:LIO) Shares Down 21.6% - Here's Why

Key Points

• Lion One Metals Limited shares experienced a significant decline of 21.6% on Wednesday, with trading prices falling to C$0.29.
• The stock had a notably high trading volume, with approximately 3.25 million shares exchanged, a 724% increase over the average daily volume.
• Lion One is primarily focused on mineral resources in Fiji, with its key asset being the Tuvatu Gold project covering around 13,613 hectares.

Lion One Metals Limited (CVE:LIO - Get Free Report) shares were down 21.6% during mid-day trading on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 3,249,083 shares traded hands during 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 Trading Up 0.7%

The company has a market cap of C$89.33 million, a price-to-earnings ratio of -4.29 and a beta of 0.53. 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's fifty day moving average price is C$0.28 and its 200-day moving average price is C$0.29.

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.