Metals One (LON:MET1) Stock Price Down 12.5% – Here’s What Happened

Metals One PLC (LON:MET1Get Free Report)’s stock price dropped 12.5% during mid-day trading on Tuesday . The company traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 508,259 shares traded hands during trading, an increase of 19% from the average daily volume of 426,969 shares. The stock had previously closed at GBX 0.40 ($0.00).

Metals One Trading Down 12.5 %

The stock has a market cap of £1.16 million and a P/E ratio of -35.00. The stock has a 50 day simple moving average of GBX 0.44 and a 200 day simple moving average of GBX 0.57.

About Metals One

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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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