Metals One (LON:MET1) Trading 1% Higher – Time to Buy?

Metals One PLC (LON:MET1Get Free Report)’s share price traded up 1% during mid-day trading on Thursday . The stock traded as high as GBX 2.05 and last traded at GBX 2.02. 8,855,704 shares were traded during mid-day trading, an increase of 8% from the average session volume of 8,168,433 shares. The stock had previously closed at GBX 2.

Metals One Stock Up 1.0%

The stock has a market cap of £21.09 million and a PE ratio of -0.41. The stock’s fifty day moving average price is GBX 2.34 and its 200 day moving average price is GBX 4.85.

About Metals One

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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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