Shares of Capital Metals plc (LON:CMET – Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 3.81 and traded as high as GBX 3.88. Capital Metals shares last traded at GBX 3.88, with a volume of 918,864 shares trading hands.
Capital Metals Stock Performance
The company has a market capitalization of £19.12 million, a P/E ratio of -15.34 and a beta of 0.57. The stock’s fifty day moving average price is GBX 3.81 and its 200-day moving average price is GBX 4.57.
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.
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