Latin Metals (CVE:LMS) Shares Down 16% – Here’s Why

Latin Metals Inc. (CVE:LMSGet Free Report) shares fell 16% on Friday . The stock traded as low as C$0.19 and last traded at C$0.21. 421,400 shares traded hands during trading, an increase of 445% from the average session volume of 77,336 shares. The stock had previously closed at C$0.25.

Latin Metals Stock Performance

The firm has a market capitalization of C$25.92 million, a P/E ratio of -10.50 and a beta of 1.47. The company’s 50 day moving average is C$0.22 and its 200-day moving average is C$0.19. The company has a quick ratio of 2.04, a current ratio of 0.45 and a debt-to-equity ratio of 13.67.

Latin Metals Company Profile

(Get Free Report)

Latin Metals Inc, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in South America. The company primarily explores for gold, copper, and lithium deposits. It has a portfolio of exploration properties in Argentina and Peru. The company was formerly known as Centenera Mining Corporation and changed its name to Latin Metals Inc in May 2019.

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