Lion One Metals (CVE:LIO) Shares Down 22.1% – Should You Sell?

Lion One Metals Limited (CVE:LIO)’s share price traded down 22.1% during trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.30. 3,033,449 shares were traded during trading, an increase of 715% from the average session volume of 372,031 shares. The stock had previously closed at C$0.39.

Lion One Metals Stock Performance

The stock has a market capitalization of C$78.61 million, a price-to-earnings ratio of -2.31 and a beta of 0.43. The firm has a fifty day moving average of C$0.29 and a 200 day moving average of C$0.31. The company has a debt-to-equity ratio of 23.06, a current ratio of 4.07 and a quick ratio of 11.23.

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.