Metals One (LON:MET1) Shares Down 6.4% – What’s Next?

Metals One PLC (LON:MET1Get Free Report) shares fell 6.4% during mid-day trading on Friday . The stock traded as low as GBX 0.47 ($0.01) and last traded at GBX 0.47 ($0.01). 500,000 shares were traded during trading, a decline of 27% from the average session volume of 688,968 shares. The stock had previously closed at GBX 0.50 ($0.01).

Metals One Stock Performance

The company has a market cap of £1.55 million and a P/E ratio of -46.80. The firm has a 50 day moving average price of GBX 0.47 and a 200-day moving average price of GBX 0.77.

Metals One Company Profile

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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.

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