Lotus Resources Limited (ASX:LOT) shares dropped 9.4% on Tuesday . The company traded as low as A$0.05 ($0.04) and last traded at A$0.05 ($0.04), approximately 436,273 shares changed hands during trading. The stock had previously closed at A$0.06 ($0.04).

The stock has a market cap of $15.92 million and a price-to-earnings ratio of -6.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.35 and a current ratio of 0.35.

About Lotus Resources (ASX:LOT)

Lotus Resources Limited engages in the exploration and development of mineral properties in New South Wales and Western Australia. It explores for cobalt, gold, iron ore, and base metals. Its flagship asset is the Hylea Cobalt Project comprising two exploration licenses covering approximately 197 square kilometers in the Fifield District, New South Wales.

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