Capital Metals (LON:CMET) Shares Up 3.1% – Should You Buy?

Capital Metals plc (LON:CMET) shot up 3.1% during trading on Wednesday . The stock traded as high as GBX 5 and last traded at GBX 5. 4,686,338 shares traded hands during trading, an increase of 309% from the average session volume of 1,144,640 shares. The stock had previously closed at GBX 4.85.

Capital Metals Price Performance

The company has a market cap of £24.61 million, a PE ratio of -21.19 and a beta of 0.62. The company has a fifty day moving average price of GBX 4.98 and a 200 day moving average price of GBX 4.75.

Capital Metals Company Profile

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.