Shares of Metals One PLC (LON:MET1 - Get Free Report) were down 15.8% on Monday . The company traded as low as GBX 22.21 ($0.30) and last traded at GBX 22.53 ($0.30). Approximately 7,024,886 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 3,303,280 shares. The stock had previously closed at GBX 26.76 ($0.36).
Metals One Stock Down 14.1%
The stock has a 50 day simple moving average of GBX 28.92 and a two-hundred day simple moving average of GBX 10.97. The stock has a market capitalization of £70.88 million and a P/E ratio of -176.40.
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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