Lomiko Metals (CVE:LMR) Shares Up 60% – Still a Buy?

Lomiko Metals Inc. (CVE:LMRGet Free Report)’s share price traded up 60% during trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 3,094,122 shares were traded during trading, an increase of 2,186% from the average daily volume of 135,350 shares. The stock had previously closed at C$0.07.

Lomiko Metals Price Performance

The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.10. The firm has a market cap of C$9.60 million, a price-to-earnings ratio of -1.50 and a beta of 0.54.

Lomiko Metals Company Profile

(Get Free Report)

Lomiko Metals Inc engages in the acquisition, exploration, and development of resource properties in Canada. It explores for graphite and lithium deposits. The company's flagship project is its 100% owned La Loutre graphite property located in Laurentian region of Quebec. The company was formerly known as Lomiko Resources Inc and changed its name to Lomiko Metals Inc in October 2008. Lomiko Metals Inc was incorporated in 1987 and is based in Surrey, Canada.

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