Metals One (LON:MET1) Trading Down 2.7% – Here’s What Happened

Metals One PLC (LON:MET1 – Get Free Report)’s stock price traded down 2.7% during mid-day trading on Friday . The company traded as low as GBX 1.40 and last traded at GBX 1.42. 8,055,849 shares were traded during trading, an increase of 24% from the average session volume of 6,493,427 shares. The stock had previously closed at GBX 1.46.

Metals One Trading Down 2.7%

The firm has a market cap of £16.04 million and a price-to-earnings ratio of -0.29. The stock has a 50-day moving average of GBX 1.67 and a 200-day moving average of GBX 2.23.

Metals One Company Profile

(Get Free Report)

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. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.

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