Laurion Mineral Exploration (CVE:LME) Shares Down 7.7% – Should You Sell?

Laurion Mineral Exploration Inc. (CVE:LMEGet Free Report)’s share price dropped 7.7% during mid-day trading on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. Approximately 100,200 shares changed hands during trading, an increase of 27% from the average daily volume of 78,644 shares. The stock had previously closed at C$0.39.

Laurion Mineral Exploration Stock Down 7.7 %

The business has a 50-day moving average price of C$0.40 and a two-hundred day moving average price of C$0.40. The company has a quick ratio of 35.69, a current ratio of 19.62 and a debt-to-equity ratio of 4.93. The firm has a market cap of C$96.42 million, a PE ratio of -18.00 and a beta of 0.05.

Laurion Mineral Exploration Company Profile

(Get Free Report)

Laurion Mineral Exploration Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, zinc, copper, and other base metal deposits. The company's flagship property is the Ishkoday property covering an area of 57.43 square kilometer located in Irwin, Pifher, Walters, and Elmhirst townships, Thunder Bay Mining Division.

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