Lomiko Metals (CVE:LMR) Shares Down 10% – Here’s Why

Shares of Lomiko Metals Inc. (CVE:LMR) dropped 10% on Monday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 540,196 shares traded hands during trading, an increase of 250% from the average daily volume of 154,155 shares. The stock had previously closed at C$0.10.

Lomiko Metals Price Performance

The business has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.12. The company has a market cap of C$5.96 million, a P/E ratio of -1.06 and a beta of 0.34.

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.