Metals One PLC (LON:MET1 - Get Free Report) dropped 7.3% on Tuesday . The stock traded as low as GBX 18 ($0.24) and last traded at GBX 19 ($0.25). Approximately 893,511 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 538,366 shares. The stock had previously closed at GBX 20.50 ($0.27).
Metals One Price Performance
The firm has a market cap of £58.56 million and a price-to-earnings ratio of -145.72. The business has a 50-day moving average of GBX 9.58 and a 200-day moving average of GBX 3.58.
About Metals One
(
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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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