After Today’s Huge Decline, Is Lion One Metals Ltd’s Near-Term Analysis Negative?


The stock of Lion One Metals Ltd (CVE:LIO) is a huge mover today! The stock decreased 3.92% or $0.04 on September 13, hitting $0.98. About 22,500 shares traded hands. Lion One Metals Ltd (CVE:LIO) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $55.18M company. It was reported on Sep, 13 by We have $0.88 PT which if reached, will make CVE:LIO worth $5.52 million less.

Lion One Metals Limited is engaged in the business of acquiring, exploring, and developing mineral properties. The company has a market cap of $55.18 million. The Company’s material mineral property is the Tuvatu Gold Project located on the island of Viti Levu in Fiji. It currently has negative earnings. It also has non-material exploration properties, including a tenement interest in the Olary Creek iron project in South Australia, and two exploration properties covering around 27,489 hectares within two special prospecting licenses on the island of Vanua Levu in Fiji.

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