Lomiko Metals (CVE:LMR) Stock Price Down 9.6% – Here’s Why

Lomiko Metals Inc. (CVE:LMR) shares traded down 9.6% during mid-day trading on Wednesday . The stock traded as low as C$0.08 and last traded at C$0.08. 127,199 shares changed hands during trading, a decline of 13% from the average session volume of 146,105 shares. The stock had previously closed at C$0.08.

Lomiko Metals Stock Performance

The company has a market cap of C$5.81 million, a price-to-earnings ratio of -1.00 and a beta of 0.34. The business has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12.

About Lomiko Metals

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.