Metals One (LON:MET1) Stock Price Down 11.1% – Time to Sell?

Metals One PLC (LON:MET1)’s share price fell 11.1% during mid-day trading on Thursday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). 1,066,985 shares changed hands during trading, an increase of 56% from the average session volume of 682,329 shares. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Trading Down 11.1 %

The stock has a market capitalization of £1.32 million and a P/E ratio of -40.00. The firm’s fifty day moving average is GBX 0.46 and its 200-day moving average is GBX 0.68.

About Metals One

Metals One PLC focuses on acquiring natural resources projects. The company intends to acquire battery metal projects, including nickel, lithium, cobalt, and copper. It holds 100% interests in the Black Schist project covering an area of approximately 706 square kilometers located in Finland; and 80% interest in the Brownfield Råna nickel project covering an area of approximately 18 square kilometers located in Norway.