Metals One PLC (LON:MET1 – Get Free Report) shares shot up 6.9% during mid-day trading on Friday . The company traded as high as GBX 1.43 and last traded at GBX 1.34. 34,759,117 shares traded hands during mid-day trading, an increase of 326% from the average session volume of 8,152,950 shares. The stock had previously closed at GBX 1.25.
Metals One Trading Up 6.9%
The company has a market capitalization of £15.09 million and a PE ratio of -0.52. The stock has a fifty day moving average of GBX 1.34 and a two-hundred day moving average of GBX 1.53.
Metals One (LON:MET1 – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported GBX (2.60) earnings per share (EPS) for the quarter.
About Metals One
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. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.
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