Capital Metals (LON:CMET) Stock Price Down 7.6% – Time to Sell?

Capital Metals plc (LON:CMETGet Free Report) was down 7.6% on Wednesday . The company traded as low as GBX 4.06 and last traded at GBX 4.25. Approximately 1,806,749 shares changed hands during mid-day trading, an increase of 303% from the average daily volume of 448,526 shares. The stock had previously closed at GBX 4.60.

Capital Metals Stock Down 7.6%

The firm has a market cap of £20.90 million, a PE ratio of -18.01 and a beta of 0.51. The firm has a 50-day moving average price of GBX 4.70 and a two-hundred day moving average price of GBX 4.

Capital Metals (LON:CMETGet Free Report) last posted its earnings results on Thursday, December 18th. The company reported GBX (0.14) earnings per share for the quarter.

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. 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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