Capital Metals (LON:CMET) Trading Up 5.1% – Here’s What Happened

Capital Metals plc (LON:CMET) traded up 5.1% during trading on Wednesday . The stock traded as high as GBX 5.20 and last traded at GBX 5.20. 252,414 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,434,944 shares. The stock had previously closed at GBX 4.95.

Capital Metals Trading Up 5.1%

The company has a market capitalization of £25.58 million, a price-to-earnings ratio of -22.03 and a beta of 0.51. The stock’s fifty day simple moving average is GBX 4.70 and its 200-day simple moving average is GBX 4.44.

Capital Metals (LON:CMET) last announced its quarterly earnings data on Thursday, December 18th. The company reported GBX (0.14) earnings per share (EPS) for the quarter.

Capital Metals Company Profile

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. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.