Shares of Metals One PLC (LON:MET1 – Get Free Report) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 1.28 and traded as low as GBX 1.25. Metals One shares last traded at GBX 1.25, with a volume of 7,510,850 shares trading hands.
Metals One Stock Down 3.8%
The firm has a market cap of £12.81 million and a price-to-earnings ratio of -2.03. The stock has a fifty day moving average price of GBX 1.28 and a 200-day moving average price of GBX 1.48.
Metals One (LON:MET1 – Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The company reported GBX (0.06) earnings per share for the quarter.
About Metals One
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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