Capital Metals (LON:CMET) Trading 15.5% Higher – What’s Next?

Shares of Capital Metals plc (LON:CMET) were up 15.5% during trading on Wednesday . The company traded as high as GBX 5.37 and last traded at GBX 5.37. Approximately 1,244,214 shares traded hands during trading, a decline of 26% from the average daily volume of 1,671,790 shares. The stock had previously closed at GBX 4.65.

Capital Metals Stock Up 15.5%

The company’s fifty day moving average price is GBX 4.43 and its 200-day moving average price is GBX 4.22. The stock has a market capitalization of £26.42 million, a PE ratio of -22.75 and a beta of 0.51.

Capital Metals (LON:CMET) last announced its quarterly earnings data on Thursday, December 18th. The company reported GBX (0.14) EPS for the quarter.

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.