Capital Metals (LON:CMET) Hits New 12-Month Low – Here’s What Happened
by Danessa Lincoln · The Markets DailyCapital Metals plc (LON:CMET – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 3.50 and last traded at GBX 3.80, with a volume of 226 shares traded. The stock had previously closed at GBX 3.75.
Capital Metals Stock Performance
The stock has a 50 day moving average of GBX 4.13 and a two-hundred day moving average of GBX 4.68. The firm has a market capitalization of £18.71 million, a P/E ratio of -16.10 and a beta of 0.57.
About Capital Metals
Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.
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