Metals One (LON:MET1) Trading Up 5.3% – Should You Buy?

by · The Markets Daily

Metals One PLC (LON:MET1 – Get Free Report)’s share price was up 5.3% during mid-day trading on Thursday . The company traded as high as GBX 1.78 and last traded at GBX 1.78. Approximately 5,816,529 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 17,198,793 shares. The stock had previously closed at GBX 1.69.

Metals One Price Performance

The firm has a market capitalization of £14.68 million and a PE ratio of -0.36. The company’s fifty day simple moving average is GBX 3.20 and its 200 day simple moving average is GBX 7.91.

Metals One (LON:MET1 – Get Free Report) last posted its earnings results on Tuesday, September 30th. The company reported GBX (2.04) earnings per share for the quarter.

About Metals One

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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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