Latin Metals (CVE:LMS) Shares Up 29.2% – Still a Buy?

Latin Metals Inc. (CVE:LMSGet Free Report) shares shot up 29.2% on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16. 103,000 shares traded hands during trading, an increase of 200% from the average session volume of 34,347 shares. The stock had previously closed at C$0.12.

Latin Metals Stock Down 22.6 %

The business’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.10. 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 firm has a market capitalization of C$9.78 million, a PE ratio of -6.00 and a beta of 1.42.

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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