Leading Edge Materials Corp (CVE:LEM) dropped 15.4% during trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 204,580 shares were traded during trading, an increase of 220% from the average daily volume of 63,959 shares. The stock had previously closed at C$0.13.
The firm has a market capitalization of $10.51 million and a P/E ratio of -2.78.
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Leading Edge Materials Corp., a junior mining company, engages in the exploration and development of mineral resource properties. It explores for graphite, lithium, rare earth elements, and cobalt. The company's flagship project is the Woxna project that comprises 4 exploitation mining concessions consisting of Kringelgruven, Mattsmyra, Gropabo, and Mansberg with an area totaling 146.71 hectares located near the town of Edsbyn, Sweden.
See Also: Cost of Equity For A Business, Investors
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