Capital Metals plc (LON:CMET – Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 3.50 and last traded at GBX 4, with a volume of 151856 shares trading hands. The stock had previously closed at GBX 3.75.
Capital Metals Trading Up 6.7%
The firm has a 50-day simple moving average of GBX 4.19 and a two-hundred day simple moving average of GBX 4.72. The company has a market capitalization of £19.69 million, a price-to-earnings ratio of -16.95 and a beta of 0.57.
About Capital Metals
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.
Further Reading
- Five stocks we like better than Capital Metals
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
Receive News & Ratings for Capital Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Metals and related companies with MarketBeat.com's FREE daily email newsletter.
