Metals One (LON:MET1) Announces Quarterly Earnings Results

Metals One (LON:MET1) announced its quarterly earnings data on Tuesday. The company reported GBX (2.60) EPS for the quarter, Digital Look Earnings reports.

Metals One Price Performance

MET1 stock traded up GBX 0.01 during trading hours on Tuesday, reaching GBX 1.44. 16,393,916 shares of the stock were exchanged, compared to its average volume of 9,297,899. The firm’s 50-day moving average is GBX 1.43 and its 200-day moving average is GBX 1.70. Metals One has a 12 month low of GBX 1.15 and a 12 month high of GBX 29.60. The company has a market cap of £16.27 million and a price-to-earnings ratio of -0.29.

About Metals One

Metals One is developing strategic metals projects in Finland (Black Schist Project) and Norway (Råna Project), with approximately £9 million of exploration carry exposure through a farm-in agreement. Metals One is aiming to help meet the significant demand for strategic minerals by defining resources on the doorstep of Europe’s major electric vehicle OEMs and battery manufacturers. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.