Metals One PLC (LON:MET1 - Get Free Report)'s share price dropped 10.2% on Tuesday . The company traded as low as GBX 28.40 ($0.38) and last traded at GBX 38.60 ($0.52). Approximately 11,102,703 shares were traded during mid-day trading, an increase of 304% from the average daily volume of 2,745,528 shares. The stock had previously closed at GBX 43 ($0.58).
Metals One Stock Performance
The firm has a market capitalization of £129.36 million and a price-to-earnings ratio of -321.93. The business's 50 day moving average is GBX 25.90 and its 200-day moving average is GBX 9.31.
Metals One Company Profile
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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.
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