Lion One Metals (CVE:LIO) Trading Down 2.7% – Here’s Why

Lion One Metals Limited (CVE:LIOGet Free Report)’s stock price was down 2.7% during mid-day trading on Tuesday . The stock traded as low as C$0.36 and last traded at C$0.37. Approximately 47,612 shares traded hands during trading, a decline of 95% from the average daily volume of 936,159 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded Lion One Metals to a “strong-buy” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Read Our Latest Report on LIO

Lion One Metals Stock Down 2.7%

The company has a market cap of C$147.04 million, a price-to-earnings ratio of -36.50 and a beta of 1.20. The business has a 50-day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.29. The company has a quick ratio of 11.23, a current ratio of 4.51 and a debt-to-equity ratio of 23.85.

Lion One Metals Company Profile

(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. Lion One Metals Limited is headquartered in North Vancouver, Canada.

Further Reading

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