Metals One (LON:MET1) Trading 13.9% Higher – Here’s Why

Metals One PLC (LON:MET1Get Free Report)’s stock price traded up 13.9% on Wednesday . The stock traded as high as GBX 0.44 ($0.01) and last traded at GBX 0.43 ($0.01). 4,855,041 shares were traded during trading, an increase of 636% from the average session volume of 660,025 shares. The stock had previously closed at GBX 0.38 ($0.00).

Metals One Price Performance

The company has a market cap of £1.49 million and a PE ratio of -45.00. The firm has a 50-day simple moving average of GBX 0.44 and a two-hundred day simple moving average of GBX 0.57.

About Metals One

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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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