Metals One (LON:MET1) Stock Price Down 17.6% – Here’s What Happened

Metals One PLC (LON:MET1Get Free Report) was down 17.6% 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 6,168,513 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 2,350,865 shares. The stock had previously closed at GBX 0.43 ($0.01).

Metals One Trading Down 17.6 %

The business’s fifty day moving average price is GBX 0.38 and its 200 day moving average price is GBX 0.49. The firm has a market capitalization of £1.08 million and a price-to-earnings ratio of -2.68.

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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