Metals One (LON:MET1) Stock Price Down 11.1% – What’s Next?

Metals One PLC (LON:MET1)’s stock price was down 11.1% during trading on Thursday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). Approximately 250,000 shares traded hands during trading, a decline of 58% from the average daily volume of 589,644 shares. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Stock Performance

The business has a fifty day moving average of GBX 0.60 and a two-hundred day moving average of GBX 0.89. The firm has a market cap of £1.32 million and a price-to-earnings ratio of -45.00.

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.