Metals One (LON:MET1) Stock Price Down 10.3% – Here’s Why

Metals One PLC (LON:MET1Get Free Report) shares were down 10.3% during trading on Tuesday . The company traded as low as GBX 1.05 ($0.01) and last traded at GBX 1.05 ($0.01). Approximately 6,335,413 shares traded hands during trading, an increase of 129% from the average daily volume of 2,771,821 shares. The stock had previously closed at GBX 1.17 ($0.02).

Metals One Trading Down 7.4 %

The business’s fifty day simple moving average is GBX 0.45 and its 200 day simple moving average is GBX 0.48. The stock has a market cap of £2.92 million and a price-to-earnings ratio of -7.28.

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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