Metals One (LON:MET1) Hits New 52-Week Low at $1.00

Shares of Metals One PLC (LON:MET1) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01), with a volume of 5232940 shares changing hands. The stock had previously closed at GBX 1.10 ($0.01).

Metals One Trading Down 9.1 %

The firm’s 50-day moving average price is GBX 1.28 and its two-hundred day moving average price is GBX 2.03.

Insider Transactions at Metals One

In other news, insider Alastair Clayton bought 500,000 shares of Metals One stock in a transaction dated Wednesday, April 17th. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £5,000 ($6,354.86). 68.86% of the stock is currently owned by insiders.

Metals One Company Profile

Metals One PLC focuses on acquiring natural resources projects. The company intends to acquire battery metal projects, including nickel, lithium, cobalt, and copper. It holds 100% interests in the Black Schist project covering an area of approximately 706 square kilometers located in Finland; and 80% interest in the Brownfield Råna nickel project covering an area of approximately 18 square kilometers located in Norway.