Metals One (LON:MET1) Posts Earnings Results

Metals One (LON:MET1) announced its earnings results on Wednesday. The company reported GBX (0.06) EPS for the quarter, Digital Look Earnings reports.

Metals One Stock Performance

Shares of MET1 opened at GBX 1.22 on Wednesday. Metals One has a 52-week low of GBX 1.15 and a 52-week high of GBX 4.65. The business’s 50 day moving average price is GBX 1.29 and its two-hundred day moving average price is GBX 1.42. The firm has a market cap of £13.83 million and a PE ratio of -0.47.

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.