Metals One PLC (LON:MET1 – Get Free Report) shares shot up 42.4% during mid-day trading on Wednesday . The company traded as high as GBX 15 ($0.20) and last traded at GBX 14.24 ($0.19). 1,076,650 shares changed hands during trading, an increase of 92% from the average session volume of 559,407 shares. The stock had previously closed at GBX 10 ($0.13).
Metals One Stock Performance
The firm has a market cap of £46.23 million and a P/E ratio of -115.04. The firm has a 50 day simple moving average of GBX 8.61 and a 200 day simple moving average of GBX 3.29.
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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