Metals One (LON:MET1) Reaches New 12-Month Low – Here’s Why

Metals One PLC (LON:MET1Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01), with a volume of 103335 shares changing hands. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Stock Performance

The firm has a market cap of £1.49 million and a P/E ratio of -47.90. The business’s fifty day simple moving average is GBX 0.63 and its 200-day simple moving average is GBX 0.91.

Metals One Company Profile

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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.

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