Metals One (LON:MET1) Trading Down 1% – Time to Sell?

Metals One PLC (LON:MET1Get Free Report) traded down 1% on Monday . The stock traded as low as GBX 1.85 and last traded at GBX 2. 1,303,949 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 7,325,464 shares. The stock had previously closed at GBX 2.02.

Metals One Price Performance

The stock has a market cap of £19.42 million and a price-to-earnings ratio of -0.37. The company’s fifty day moving average price is GBX 1.96 and its 200-day moving average price is GBX 3.28.

Metals One Company Profile

(Get Free Report)

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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