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

Shares of Lomiko Metals Inc. (CVE:LMR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.12 and traded as low as C$0.10. Lomiko Metals shares last traded at C$0.12, with a volume of 245,731 shares trading hands.

Lomiko Metals Trading Up 9.5%

The stock’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.12. The company has a market capitalization of C$8.07 million, a P/E ratio of -1.44 and a beta of -0.13.

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. Lomiko Metals Inc was incorporated in 1987 and is based in Surrey, Canada.