Metals One (LON:MET1) Sets New 1-Year Low – Here’s Why

Metals One PLC (LON:MET1) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.36 ($0.00) and last traded at GBX 0.41 ($0.01), with a volume of 5663764 shares traded. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Price Performance

The stock has a 50-day simple moving average of GBX 0.58 and a 200-day simple moving average of GBX 0.87. The stock has a market cap of £1.34 million and a P/E ratio of -45.00.

Metals One Company Profile

Metals One PLC focuses on acquiring natural resources projects. The company intends to acquire battery metal projects, including nickel, lithium, cobalt, and copper. It holds 100% interests in the Black Schist project covering an area of approximately 706 square kilometers located in Finland; and 80% interest in the Brownfield Råna nickel project covering an area of approximately 18 square kilometers located in Norway.