Shares of Capital Metals plc (LON:CMET – Get Free Report) were down 7.6% during mid-day trading on Wednesday . The stock traded as low as GBX 4.06 and last traded at GBX 4.25. Approximately 1,806,749 shares changed hands during trading, an increase of 303% from the average daily volume of 448,526 shares. The stock had previously closed at GBX 4.60.
Capital Metals Stock Up 1.3%
The company has a 50 day moving average of GBX 4.64 and a 200 day moving average of GBX 4.01. The stock has a market capitalization of £19.67 million, a price-to-earnings ratio of -16.95 and a beta of 0.51.
Capital Metals (LON:CMET – Get Free Report) last posted its quarterly earnings results 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.
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