Metals One (LON:MET1) Trading Down 11.1% – Time to Sell?

Metals One PLC (LON:MET1Get Free Report)’s stock price dropped 11.1% on Tuesday . The stock traded as low as GBX 0.31 ($0.00) and last traded at GBX 0.31 ($0.00). Approximately 1,559,585 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 1,905,267 shares. The stock had previously closed at GBX 0.35 ($0.00).

Metals One Trading Down 11.1 %

The company has a market capitalization of £958,460.53 and a price-to-earnings ratio of -2.39. The firm’s fifty day simple moving average is GBX 0.39 and its two-hundred day simple moving average is GBX 0.51.

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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