Lion One Metals (CVE:LIO) Stock Price Down 22.1% – Time to Sell?

Lion One Metals Limited (CVE:LIOGet Free Report) shares dropped 22.1% during mid-day trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.30. Approximately 3,033,449 shares changed hands during mid-day trading, an increase of 715% from the average daily volume of 372,031 shares. The stock had previously closed at C$0.39.

Lion One Metals Price Performance

The firm has a 50 day simple moving average of C$0.29 and a 200-day simple moving average of C$0.31. The company has a quick ratio of 11.23, a current ratio of 4.07 and a debt-to-equity ratio of 23.06. The company has a market cap of C$83.85 million, a PE ratio of -2.46 and a beta of 0.43.

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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