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Lion One Metals (CVE:LIO) Shares Down 20.3% - Here's Why

Lion One Metals logo with Basic Materials background

Key Points

  • Lion One Metals shares fell by 20.3% during trading, reaching a low of C$0.30, with trading volume significantly increased by 493% compared to the average daily volume.
  • The company has a market capitalization of C$86.35 million, a price-to-earnings ratio of -4.14, and a debt-to-equity ratio of 23.85.
  • Lion One Metals is focused on mineral exploration in Fiji, primarily on its 100% owned Tuvatu Gold project, which spans over 13,613 hectares on the island of Viti Levu.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Lion One Metals Limited (CVE:LIO - Get Free Report) dropped 20.3% during trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.30. Approximately 2,861,272 shares traded hands during trading, an increase of 631% from the average daily volume of 391,642 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Down 1.0%

The company has a quick ratio of 11.23, a current ratio of 4.51 and a debt-to-equity ratio of 23.85. The company has a market cap of C$87.84 million, a price-to-earnings ratio of -4.21 and a beta of 0.53. The stock has a fifty day moving average price of C$0.29 and a two-hundred day moving average price of C$0.29.

About Lion One Metals

(Get Free Report)

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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