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

Lion One Metals Limited (CVE:LIO)’s share price dropped 22.1% during 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 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 Stock Up 6.7 %

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

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.