Lion One Metals (CVE:LIO) Trading Down 6% – Time to Sell?

Lion One Metals Limited (CVE:LIO)’s stock price was down 6% on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 398,050 shares were traded during trading, a decline of 55% from the average daily volume of 887,411 shares. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

Separately, Atrium Research upgraded shares of Lion One Metals to a “strong-buy” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Lion One Metals Stock Performance

The company has a quick ratio of 11.23, a current ratio of 1.15 and a debt-to-equity ratio of 18.36. The stock has a market capitalization of C$84.60 million, a price-to-earnings ratio of 7.00 and a beta of 0.60. The stock’s 50-day simple moving average is C$0.32 and its 200 day simple moving average is C$0.30.

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