Metals One PLC (LON:MET1 - Get Free Report)'s stock price rose 19% during mid-day trading on Wednesday . The company traded as high as GBX 29.01 ($0.39) and last traded at GBX 29.01 ($0.39). Approximately 15,055,684 shares changed hands during mid-day trading, an increase of 380% from the average daily volume of 3,137,443 shares. The stock had previously closed at GBX 24.38 ($0.33).
Metals One Stock Performance
The company has a 50 day moving average of GBX 28.44 and a 200 day moving average of GBX 10.53. The stock has a market capitalization of £86.29 million and a price-to-earnings ratio of -214.75.
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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