Lion One Metals (CVE:LIO) Stock Price Up 2.9% – Time to Buy?

Lion One Metals Limited (CVE:LIO)’s stock price rose 2.9% on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.36. Approximately 2,039,950 shares traded hands during mid-day trading, an increase of 514% from the average daily volume of 332,445 shares. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

Separately, Eight Capital cut their price objective on shares of Lion One Metals from C$3.00 to C$0.75 in a research note on Friday, July 5th.

Lion One Metals Trading Up 2.9 %

The stock’s 50-day moving average is C$0.32 and its two-hundred day moving average is C$0.41. The company has a debt-to-equity ratio of 23.06, a current ratio of 4.07 and a quick ratio of 11.23. The company has a market cap of C$94.33 million, a P/E ratio of -2.77 and a beta of 0.43.

Lion One Metals Company Profile

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.