Lomiko Metals (CVE:LMR) Stock Crosses Below 200-Day Moving Average – Here’s Why

Lomiko Metals Inc. (CVE:LMR) 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 Stock Performance

The stock has a market capitalization of C$5.64 million, a P/E ratio of -1.56 and a beta of 2.02. 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 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.16.

Lomiko Metals Company Profile

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.