Lion One Metals (CVE:LIO) Shares Down 20% – Here’s What Happened

Lion One Metals Limited (CVE:LIOGet Free Report)’s stock price fell 20% on Thursday . The stock traded as low as C$0.29 and last traded at C$0.31. 2,821,774 shares were traded during mid-day trading, an increase of 679% from the average session volume of 362,313 shares. The stock had previously closed at C$0.39.

Lion One Metals Stock Performance

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 stock’s fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.31. The firm has a market capitalization of C$83.85 million, a price-to-earnings 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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