Capital Metals (LON:CMET) Trading Up 4.5% – Time to Buy?

Capital Metals plc (LON:CMETGet Free Report) shares were up 4.5% on Friday . The stock traded as high as GBX 3.50 ($0.05) and last traded at GBX 3.50 ($0.05). Approximately 1,333,034 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 452,343 shares. The stock had previously closed at GBX 3.35 ($0.05).

Capital Metals Stock Performance

The stock has a market cap of £15.84 million, a price-to-earnings ratio of -2,187.50 and a beta of 0.51. The firm’s 50-day simple moving average is GBX 3.14 and its two-hundred day simple moving average is GBX 2.79.

About Capital Metals

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Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion.

Further Reading

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