Insufficient Growth At Lion One Metals Limited (CVE:LIO) Hampers Share Price
Lion One Metals Limited’s (CVE:LIO) price-to-sales (or “P/S”) ratio of 2.2x might make it look like a buy right now compared to the Metals and Mining industry in Canada, where around half of the companies have P/S ratios above 3.1x and even P/S above 25x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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How Has Lion One Metals Performed Recently?
Lion One Metals certainly has been doing a great job lately as it’s been growing its…