Shares of Metals One PLC (LON:MET1 – Get Free Report) dropped 8% during mid-day trading on Monday . The company traded as low as GBX 18 ($0.23) and last traded at GBX 18.40 ($0.24). Approximately 826,558 shares traded hands during mid-day trading, an increase of 136% from the average daily volume of 349,850 shares. The stock had previously closed at GBX 20 ($0.26).
Metals One Stock Down 8.0 %
The stock has a market capitalization of £56.71 million and a PE ratio of -141.12. The firm has a 50 day moving average price of GBX 1.49 and a 200-day moving average price of GBX 0.82.
Metals One Company Profile
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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