Lion One Metals (CVE:LIO) Trading Down 8.6% - Here's What Happened

Key Points

• Lion One Metals Limited experienced an 8.6% decline in share price, trading as low as C$0.36 and closing at C$0.37 on Wednesday.
• The company's market capitalization stands at C$110.17 million, with significant trading volume increasing to 758,637 shares, which is 101% higher than the average.
• Lion One is primarily involved in the acquisition and exploration of mineral resources in Fiji, focusing on its 100% owned Tuvatu Gold project.

Shares of Lion One Metals Limited (CVE:LIO - ) fell 8.6% during mid-day trading on Wednesday . The stock traded as low as C$0.36 and last traded at C$0.37. 758,637 shares were traded during trading, an increase of 101% from the average session volume of 377,594 shares. The stock had previously closed at C$0.41.

Lion One Metals Price Performance

The stock has a market capitalization of C$110.17 million, a price-to-earnings ratio of -5.29 and a beta of 0.53. 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 company has a 50 day moving average of C$0.28 and a 200 day moving average of 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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