Laurion Mineral Exploration (CVE:LME) Stock Price Down 7.7% – Here’s Why

Laurion Mineral Exploration Inc. (CVE:LMEGet Free Report)’s share price fell 7.7% during mid-day trading on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. 100,200 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 78,644 shares. The stock had previously closed at C$0.39.

Laurion Mineral Exploration Stock Down 7.7 %

The company has a debt-to-equity ratio of 4.93, a current ratio of 19.62 and a quick ratio of 35.69. The stock has a market cap of C$96.42 million, a price-to-earnings ratio of -18.00 and a beta of 0.05. The firm’s 50-day moving average is C$0.40 and its 200 day moving average is C$0.40.

Laurion Mineral Exploration Company Profile

(Get Free Report)

Laurion Mineral Exploration Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, zinc, copper, and other base metal deposits. The company's flagship property is the Ishkoday property covering an area of 57.43 square kilometer located in Irwin, Pifher, Walters, and Elmhirst townships, Thunder Bay Mining Division.

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