Metals One (LON:MET1) Shares Down 6.4% – What’s Next?

Shares of Metals One PLC (LON:MET1) dropped 6.4% during mid-day trading on Friday . The company traded as low as GBX 0.47 ($0.01) and last traded at GBX 0.47 ($0.01). Approximately 500,000 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 688,968 shares. The stock had previously closed at GBX 0.50 ($0.01).

Metals One Trading Down 5.0 %

The stock has a market cap of £1.57 million and a PE ratio of -47.50. The business has a 50 day moving average of GBX 0.47 and a 200-day moving average of GBX 0.77.

Metals One Company Profile

Metals One PLC focuses on acquiring natural resources projects. The company intends to acquire battery metal projects, including nickel, lithium, cobalt, and copper. It holds 100% interests in the Black Schist project covering an area of approximately 706 square kilometers located in Finland; and 80% interest in the Brownfield Råna nickel project covering an area of approximately 18 square kilometers located in Norway.