Latin Metals (CVE:LMS) Shares Up 9.1% – Still a Buy?

Latin Metals Inc. (CVE:LMS)’s stock price traded up 9.1% during mid-day trading on Friday . The stock traded as high as C$0.24 and last traded at C$0.24. 38,265 shares were traded during trading, a decline of 70% from the average session volume of 126,089 shares. The stock had previously closed at C$0.22.

Latin Metals Price Performance

The company has a fifty day simple moving average of C$0.25 and a 200 day simple moving average of C$0.23. The stock has a market capitalization of C$33.23 million, a price-to-earnings ratio of -24.00 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.

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.