Lomiko Metals (CVE:LMR) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Lomiko Metals Inc. (CVE:LMRGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.16 and traded as low as C$0.13. Lomiko Metals shares last traded at C$0.14, with a volume of 10,000 shares trading hands.

Lomiko Metals Price Performance

The company has a quick ratio of 3.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of C$5.64 million, a price-to-earnings ratio of -1.56 and a beta of 2.02. The business’s 50 day simple moving average is C$0.14 and its 200-day simple moving average is C$0.16.

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.

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