Lion One Metals (CVE:LIO) Stock Price Down 21.6% - Should You Sell?

Key Points

• Lion One Metals Limited shares plummeted by 21.6% to trade at C$0.29 on Thursday, with a significant trading volume increase of 724% compared to the average daily volume.
• The company has a debt-to-equity ratio of 23.85 and a market capitalization of C$86.35 million, indicating financial challenges despite the recent trading volume surge.
• Lion One Metals focuses on mineral resource exploration in Fiji, with its main asset being the Tuvatu Gold project, covering approximately 13,613 hectares on Viti Levu island.

Lion One Metals Limited (CVE:LIO - Get Free Report) was down 21.6% during mid-day trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 3,249,083 shares were traded 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 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.29. The stock has a market cap of C$87.84 million, a price-to-earnings ratio of -4.21 and a beta of 0.53. 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.