Capital Metals (LON:CMET) Shares Up 22.1% – Here’s Why

Capital Metals plc (LON:CMETGet Free Report)’s stock price rose 22.1% on Friday . The stock traded as high as GBX 5.80 and last traded at GBX 5.80. 2,015,498 shares were traded during trading, an increase of 238% from the average daily volume of 595,987 shares. The stock had previously closed at GBX 4.75.

Capital Metals Trading Up 15.8%

The stock has a market cap of £27.05 million, a price-to-earnings ratio of -34.38 and a beta of 0.51. The stock has a fifty day simple moving average of GBX 4.21 and a 200-day simple moving average of GBX 3.38.

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.

Further Reading

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.