Latin Metals (CVE:LMS) Shares Down 16.7% – What’s Next?

Latin Metals Inc. (CVE:LMS)’s share price dropped 16.7% during mid-day trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 113,829 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 87,843 shares. The stock had previously closed at C$0.21.

Latin Metals Stock Down 9.5%

The firm has a fifty day simple moving average of C$0.23 and a 200-day simple moving average of C$0.23. The company has a market capitalization of C$26.31 million, a P/E ratio of -9.50 and a beta of 0.62. The company has a quick ratio of 2.04, a current ratio of 0.45 and a debt-to-equity ratio of 13.67.

About Latin Metals

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. Latin Metals Inc is headquartered in Vancouver, Canada.