Shares of Metals One PLC (LON:MET1 – Get Free Report) traded up 0.5% during trading on Friday . The stock traded as high as GBX 2.04 and last traded at GBX 2.02. 5,437,988 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 7,519,707 shares. The stock had previously closed at GBX 2.01.
Metals One Price Performance
The stock has a market cap of £21.09 million and a P/E ratio of -0.41. The stock’s 50-day moving average is GBX 1.96 and its two-hundred day moving average is GBX 3.31.
About Metals One
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. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.
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