Shares of Future Metals NL (LON:FME – Get Free Report) dropped 2.2% during mid-day trading on Friday . The company traded as low as GBX 1 and last traded at GBX 1.10. Approximately 1,075,747 shares changed hands during trading, an increase of 85% from the average daily volume of 580,588 shares. The stock had previously closed at GBX 1.13.
Future Metals Price Performance
The company has a market capitalization of £10.54 million, a P/E ratio of -2.75 and a beta of 1.26. The business has a fifty day moving average price of GBX 1.10 and a 200 day moving average price of GBX 1.10.
About Future Metals
The 100% owned Panton PGM-Ni Project is located 60kms north of the town of Halls Creek in the eastern Kimberly region of Western Australia, a tier one mining jurisdiction. The project is located on three granted mining licences and situated just 1km off the Great North Highway which accesses the Port of Wyndham.
The Project hosts an independent JORC Code (2012) MRE of 129Mt @ 1.20g/t PGM3E1, 0.19% Ni, 0.04% Cu and 154ppm Co (1.66g/t PdEq2) at a cut-off grade of 0.90g/t PdEq2 for contained metal of 5.0Moz PGM3E1, 239kt Ni, 48kt Cu and 20kt Co (6.9Moz PdEq2).
Read More
- Five stocks we like better than Future Metals
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- The Biggest IPO Ever… Open to Everyday Folks
- Silver records prices are great. Monthly income is better
- Read this or regret it forever
- Sell this, buy that
Receive News & Ratings for Future Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Future Metals and related companies with MarketBeat.com's FREE daily email newsletter.
