Shares of Metals One PLC (LON:MET1 – Get Free Report) shot up 13.9% on Wednesday . The stock traded as high as GBX 1.90 and last traded at GBX 1.86. 1,105,242 shares were traded during mid-day trading, a decline of 83% from the average session volume of 6,522,547 shares. The stock had previously closed at GBX 1.63.
Metals One Stock Performance
The company has a 50-day moving average of GBX 1.93 and a 200 day moving average of GBX 2.85. The firm has a market cap of £19.61 million and a P/E ratio of -0.37.
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. 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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