With an advance of 2.38%, Lion One Metals Limited (CDX:LIO:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.84, shares of LIO:CA opened this morning at $0.86 and closed the day at $0.86. Throughout the day, about 40,500 shares changed hands, compared to an average 30-day volume of 20,136 for Lion One Metals Limited. Shares moved as high as $0.89 and as low as $0.85 in today’s trading action.
The share appreciation gives the company a market capitalization of $85.45 million based upon 101.72 million shares outstanding.
In the past 52 weeks, shares of Lion One Metals Limited have traded as low as $0.355 and as high as $1.17. Technical traders will take note that at $0.86, shares of LIO:CA are trading below their 50-day moving average (MA) at $0.861 and above their 200-day MA at above $0.855. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Lion One Mtl?
Lion One Metals Ltd is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral resources in Fiji, Australia. The company is led by its CEO Walter Berukoff from its headquarters at 311 West 1st Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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