Lomiko Metals (CVE:LMR) Shares Up 18.2% – Here’s Why

Lomiko Metals Inc. (CVE:LMRGet Free Report)’s share price rose 18.2% during mid-day trading on Tuesday . The stock traded as high as C$0.14 and last traded at C$0.13. Approximately 158,010 shares were traded during mid-day trading, an increase of 313% from the average daily volume of 38,304 shares. The stock had previously closed at C$0.11.

Lomiko Metals Trading Up 13.6%

The stock has a market cap of C$8.77 million, a price-to-earnings ratio of -1.56 and a beta of 0.55. The company has a fifty day simple moving average of C$0.11 and a 200-day simple moving average of C$0.11.

About Lomiko Metals

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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.

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