Latin Metals (CVE:LMS) Shares Up 12.2% – Here’s Why

Latin Metals Inc. (CVE:LMS) rose 12.2% during mid-day trading on Thursday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 118,426 shares were traded during mid-day trading, an increase of 45% from the average session volume of 81,928 shares. The stock had previously closed at C$0.20.

Latin Metals Stock Down 6.4%

The company has a debt-to-equity ratio of 13.67, a quick ratio of 2.04 and a current ratio of 0.45. The stock’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.23. The firm has a market cap of C$30.51 million, a P/E ratio of -22.00 and a beta of -0.05.

About Latin Metals

Latin Metals Inc, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in South America. The company primarily explores for gold, copper, and lithium deposits. It has a portfolio of exploration properties in Argentina and Peru. The company was formerly known as Centenera Mining Corporation and changed its name to Latin Metals Inc in May 2019. Latin Metals Inc is headquartered in Vancouver, Canada.