Metals One PLC (LON:MET1 - Get Free Report) shares were down 9.8% on Monday . The company traded as low as GBX 36.50 ($0.50) and last traded at GBX 37 ($0.50). Approximately 8,054,667 shares changed hands during trading, an increase of 186% from the average daily volume of 2,812,980 shares. The stock had previously closed at GBX 41 ($0.56).
Metals One Stock Performance
The stock has a market capitalization of £82.47 million and a P/E ratio of -205.24. The firm has a fifty day moving average price of GBX 28.67 and a two-hundred day moving average price of GBX 10.65.
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.
Further Reading
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