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

Lion One Metals logo with Basic Materials background

Key Points

  • Lion One Metals Limited saw a significant decline in stock price, trading down 21.6% to C$0.29 amid volatile trading with over 3 million shares exchanged, representing a 724% increase in volume.
  • The company's market cap stands at C$86.35 million with a negative price-to-earnings ratio of -4.14 and a notable quick ratio of 11.23.
  • Lion One Metals focuses on the exploration and evaluation of mineral resources in Fiji, primarily through its 100% owned Tuvatu Gold project covering approximately 13,613 hectares.
  • Five stocks we like better than Lion One Metals.

Lion One Metals Limited (CVE:LIO - Get Free Report) shares fell 21.6% during trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.29. 3,249,083 shares changed hands during mid-day trading, an increase of 724% from the average session volume of 394,096 shares. The stock had previously closed at C$0.37.

Lion One Metals Stock Performance

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 company has a market capitalization of C$87.84 million, a price-to-earnings ratio of -4.21 and a beta of 0.53. The firm's fifty day simple moving average is C$0.28 and its 200 day simple moving average is 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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