Metals One (LON:MET1) Shares Up 8.8% – Time to Buy?

Metals One PLC (LON:MET1Get Free Report) traded up 8.8% during trading on Wednesday . The company traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.41 ($0.00). 1,701,235 shares were traded during trading, an increase of 342% from the average session volume of 385,262 shares. The stock had previously closed at GBX 0.38 ($0.00).

Metals One Stock Up 8.8 %

The firm has a market cap of £1.35 million and a price-to-earnings ratio of -40.80. The stock’s 50 day moving average is GBX 0.45 and its 200 day moving average is GBX 0.60.

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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