Metals One (LON:MET1) Shares Up 15.7% – Should You Buy?

Metals One PLC (LON:MET1Get Free Report) shot up 15.7% during trading on Monday . The company traded as high as GBX 1.30 ($0.02) and last traded at GBX 1.17 ($0.02). 9,066,642 shares were traded during mid-day trading, an increase of 232% from the average session volume of 2,727,367 shares. The stock had previously closed at GBX 1.01 ($0.01).

Metals One Trading Down 3.1 %

The stock has a market cap of £3.13 million and a P/E ratio of -7.80. The firm has a 50-day simple moving average of GBX 0.43 and a two-hundred day simple moving average of GBX 0.48.

Metals One Company Profile

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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.

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