Capital Metals (LON:CMET) Stock Price Down 1.1% – Should You Sell?

Shares of Capital Metals plc (LON:CMET) were down 1.1% during trading on Wednesday . The stock traded as low as GBX 4.50 and last traded at GBX 4.60. Approximately 388,064 shares were traded during trading, a decline of 74% from the average daily volume of 1,510,954 shares. The stock had previously closed at GBX 4.65.

Capital Metals Price Performance

The stock has a 50 day moving average price of GBX 4.42 and a two-hundred day moving average price of GBX 4.17. The company has a market capitalization of £22.63 million, a price-to-earnings ratio of -19.49 and a beta of 0.51.

Capital Metals (LON:CMET) last posted its quarterly earnings data on Thursday, December 18th. The company reported GBX (0.14) earnings per share 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.