Metals One (LON:MET1) Posts Quarterly Earnings Results

Metals One (LON:MET1) posted its earnings results on Wednesday. The company reported GBX (0.06) earnings per share for the quarter, Digital Look Earnings reports.

Metals One Price Performance

MET1 stock opened at GBX 1.23 on Wednesday. The company has a fifty day moving average price of GBX 1.29 and a two-hundred day moving average price of GBX 1.42. Metals One has a one year low of GBX 1.15 and a one year high of GBX 4.65. The stock has a market cap of £13.90 million and a price-to-earnings ratio of -0.47.

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.