Capital Metals (LON:CMET) Shares Down 12.8% – What’s Next?

Capital Metals plc (LON:CMETGet Free Report) dropped 12.8% on Thursday . The company traded as low as GBX 4.14 ($0.06) and last traded at GBX 4.14 ($0.06). Approximately 1,109,278 shares traded hands during mid-day trading, an increase of 93% from the average daily volume of 574,168 shares. The stock had previously closed at GBX 4.75 ($0.06).

Capital Metals Price Performance

The stock has a 50 day simple moving average of GBX 3.88 and a two-hundred day simple moving average of GBX 3.23. The company has a market cap of £20.34 million, a PE ratio of -25.88 and a beta of 0.51.

Capital Metals Company Profile

(Get Free Report)

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.

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