Shares of Metals One PLC (LON:MET1 - Get Free Report) rose 11.6% during trading on Tuesday . The stock traded as high as GBX 29.80 ($0.40) and last traded at GBX 28.80 ($0.38). Approximately 2,980,422 shares changed hands during mid-day trading, an increase of 171% from the average daily volume of 1,101,005 shares. The stock had previously closed at GBX 25.80 ($0.34).
Metals One Stock Performance
The firm has a market cap of £88.39 million and a P/E ratio of -219.97. The firm's fifty day simple moving average is GBX 12.38 and its 200 day simple moving average is GBX 4.60.
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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