Scarsdale increased its target price on the gold company to CA$2.25 per share

In a Jan. 3 research note, Scarsdale Equities analyst Mike Niehuser reported that “evidence continues to mount for an alkaline gold system” at Lion One Metals Ltd.’s (LIO:TSX.V; LOMLF:OTCQX) Tuvatu project in Fiji. Accordingly, Scarsdale increased its target price on the gold company to CA$2.25 per share and kept it Buy rated. In comparison, Lion One’s current share price is CA$1.64.

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