Capital Metals (LON:CMET) Trading Up 2.2% – What’s Next?

Capital Metals plc (LON:CMET)’s share price rose 2.2% during mid-day trading on Friday . The stock traded as high as GBX 4.70 and last traded at GBX 4.70. Approximately 757,626 shares were traded during mid-day trading, an increase of 208% from the average daily volume of 246,346 shares. The stock had previously closed at GBX 4.60.

Capital Metals Trading Up 2.2%

The company has a 50-day moving average price of GBX 4.70 and a 200 day moving average price of GBX 3.96. The stock has a market capitalization of £23.12 million, a P/E ratio of -19.92 and a beta of 0.51.

Capital Metals (LON:CMET) last posted its earnings results on Thursday, December 18th. The company reported GBX (0.14) EPS for the quarter.

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.