Lion One Metals (CVE:LIO) Stock Price Down 21.6% - What's Next?

Key Points

• Lion One Metals Limited's stock price dropped by 21.6%, trading at C$0.29, significantly down from a previous close of C$0.37.
• Trading volume surged to approximately 3.25 million shares, marking a 724% increase compared to its average daily volume.
• The company has a market cap of C$86.35 million and is focused on exploration and evaluation of mineral resources in Fiji, particularly the Tuvatu Gold project.

Lion One Metals Limited (CVE:LIO - )'s stock price was down 21.6% 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 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 company has a debt-to-equity ratio of 23.85, a quick ratio of 11.23 and a current ratio of 4.51. The firm has a market cap of C$86.35 million, a price-to-earnings ratio of -4.14 and a beta of 0.53. The company's fifty day moving average is C$0.28 and its two-hundred day moving average 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.

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