Metals One (LON:MET1) Trading 5.5% Higher – Should You Buy?

Metals One PLC (LON:MET1) was up 5.5% on Tuesday . The company traded as high as GBX 2.14 and last traded at GBX 2.09. Approximately 3,721,915 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 17,021,965 shares. The stock had previously closed at GBX 1.98.

Metals One Price Performance

The firm has a market capitalization of £16.74 million and a PE ratio of -0.41. The business’s 50-day moving average price is GBX 2.98 and its 200-day moving average price is GBX 6.68.

Metals One (LON:MET1) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (2.04) EPS for the quarter.

Metals One Company Profile

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. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.