Metals One PLC (LON:MET1 – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 1.15 and last traded at GBX 1.45, with a volume of 13159328 shares traded. The stock had previously closed at GBX 1.32.
Metals One Trading Up 9.8%
The company has a market cap of £16.38 million and a price-to-earnings ratio of -0.29. The company’s 50 day moving average price is GBX 1.48 and its 200 day moving average price is GBX 1.78.
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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