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Metals One (LON:MET1) Stock Price Up 11.5% - Here's Why

Metals One logo with Basic Materials background

Metals One PLC (LON:MET1 - Get Free Report)'s stock price rose 11.5% on Wednesday . The company traded as high as GBX 16.98 ($0.23) and last traded at GBX 16.95 ($0.23). Approximately 31,845,061 shares were traded during mid-day trading, an increase of 226% from the average daily volume of 9,783,231 shares. The stock had previously closed at GBX 15.20 ($0.20).

Metals One Trading Up 10.8%

The stock's fifty day moving average is GBX 27.12 and its two-hundred day moving average is GBX 14.22. The company has a market capitalization of £51.90 million and a PE ratio of -129.16.

Metals One (LON:MET1 - Get Free Report) last announced its quarterly earnings data on Monday, June 30th. The company reported GBX (53) (($0.71)) earnings per share (EPS) for the quarter.

Metals One Company Profile

(Get Free Report)

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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