Shares of Capital Metals plc (LON:CMET – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 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 traded.
Capital Metals Price Performance
The business’s fifty day moving average is GBX 3.81 and its 200 day moving average is GBX 4.57. The firm has a market capitalization of £18.72 million, a price-to-earnings ratio of -15.02 and a beta of 0.57.
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.
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