Metals One (LON:MET1) Stock Price Up 6.1% – What’s Next?

Metals One PLC (LON:MET1Get Free Report)’s share price traded up 6.1% during trading on Tuesday . The company traded as high as GBX 1.06 ($0.01) and last traded at GBX 0.96 ($0.01). 4,391,390 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 2,844,175 shares. The stock had previously closed at GBX 0.90 ($0.01).

Metals One Stock Performance

The business’s fifty day moving average price is GBX 0.53 and its 200-day moving average price is GBX 0.49. The stock has a market cap of £2.94 million and a PE ratio of -7.32.

Metals One Company Profile

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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.

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