Metals One PLC (LON:MET1 – Get Free Report) shot up 9.8% during trading on Thursday . The company traded as high as GBX 45 ($0.60) and last traded at GBX 44.70 ($0.59). 12,050,813 shares were traded during trading, an increase of 563% from the average session volume of 1,818,158 shares. The stock had previously closed at GBX 40.73 ($0.54).
Metals One Stock Down 1.0%
The business’s 50-day simple moving average is GBX 19.35 and its 200 day simple moving average is GBX 6.96. The firm has a market capitalization of £147.93 million and a P/E ratio of -368.14.
Metals One Company Profile
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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