Capital Metals plc (LON:CMET – Get 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:CMET – Get 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
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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