Latin Metals (CVE:LMS) Trading Down 16.7% – Should You Sell?

Latin Metals Inc. (CVE:LMS)’s share price was down 16.7% on Tuesday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 113,829 shares changed 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 Price Performance

The firm has a market capitalization of C$26.31 million, a price-to-earnings ratio of -9.50 and a beta of 0.62. The company has a debt-to-equity ratio of 13.67, a quick ratio of 2.04 and a current ratio of 0.45. The business’s 50 day moving average is C$0.22 and its 200-day moving average is C$0.23.

Latin Metals Company Profile

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.