Lion One Metals (CVE:LIO) Stock Price Up 9.5% – Here’s What Happened

Lion One Metals Limited (CVE:LIO) shot up 9.5% during mid-day trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. 227,268 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 854,462 shares. The stock had previously closed at C$0.21.

Lion One Metals Stock Performance

The firm has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.30. The company has a market cap of C$92.66 million, a P/E ratio of 7.67 and a beta of 0.60. The company has a quick ratio of 11.23, a current ratio of 1.15 and a debt-to-equity ratio of 18.36.

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