Metals One PLC (LON:MET1 – Get Free Report) shares dropped 2.9% on Friday . The stock traded as low as GBX 1.67 and last traded at GBX 1.80. Approximately 647,716 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 6,577,481 shares. The stock had previously closed at GBX 1.85.
Metals One Price Performance
The firm has a fifty day simple moving average of GBX 1.94 and a 200 day simple moving average of GBX 2.91. The company has a market cap of £19.16 million and a price-to-earnings ratio of -0.37.
Metals One Company Profile
Metals One is developing strategic metals projects in Finland (Black Schist Project) and Norway (Råna Project), with approximately £9 million of exploration carry exposure through a farm-in agreement. Metals One is aiming to help meet the significant demand for strategic minerals by defining resources on the doorstep of Europe’s major electric vehicle OEMs and battery manufacturers. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.
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