Metals One (LON:MET1) Issues Earnings Results

Metals One (LON:MET1) issued its quarterly earnings results on Tuesday. The company reported GBX (2.60) earnings per share for the quarter, Digital Look Earnings reports.

Metals One Stock Up 0.7%

Metals One stock traded up GBX 0.01 during mid-day trading on Tuesday, reaching GBX 1.44. 16,393,916 shares of the company’s stock were exchanged, compared to its average volume of 9,297,899. The business’s fifty day simple moving average is GBX 1.43 and its 200 day simple moving average is GBX 1.70. Metals One has a one year low of GBX 1.15 and a one year high of GBX 29.60. The firm has a market capitalization of £16.27 million and a PE ratio of -0.29.

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.