Metals One (LON:MET1) Stock Price Down 1% – Here’s What Happened

Shares of Metals One PLC (LON:MET1) were down 1% during trading on Wednesday . The stock traded as low as GBX 1.25 and last traded at GBX 1.29. 7,174,156 shares were traded during trading, a decline of 11% from the average daily volume of 8,078,039 shares. The stock had previously closed at GBX 1.30.

Metals One Stock Performance

The stock has a market cap of £14.54 million and a price-to-earnings ratio of -0.50. The company’s 50 day simple moving average is GBX 1.34 and its two-hundred day simple moving average is GBX 1.57.

Metals One (LON:MET1) last issued its earnings results on Tuesday, June 30th. The company reported GBX (2.60) earnings per share (EPS) for the quarter.

About Metals One

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.