Metals One PLC (LON:MET1 – Get Free Report) rose 18% during trading on Thursday . The stock traded as high as GBX 10.70 ($0.15) and last traded at GBX 10.03 ($0.14). Approximately 29,766,111 shares were traded during trading, an increase of 592% from the average daily volume of 4,300,860 shares. The stock had previously closed at GBX 8.50 ($0.12).
Metals One Trading Up 5.7%
The company has a 50 day moving average price of GBX 28.35 and a 200 day moving average price of GBX 11.22. The company has a market capitalization of £34.21 million and a P/E ratio of -85.13.
About Metals One
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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