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

Latin Metals Inc. (CVE:LMSGet Free Report)’s share price was down 16% during mid-day trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.21. Approximately 421,400 shares changed hands during trading, an increase of 445% from the average daily volume of 77,336 shares. The stock had previously closed at C$0.25.

Latin Metals Price Performance

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

About Latin Metals

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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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