Metals One (LON:MET1) Sets New 1-Year Low – Here’s Why

Metals One PLC (LON:MET1Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 0.36 ($0.00) and last traded at GBX 0.41 ($0.01), with a volume of 5663764 shares changing hands. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Price Performance

The firm has a fifty day simple moving average of GBX 0.56 and a 200 day simple moving average of GBX 0.86. The company has a market capitalization of £1.33 million and a price-to-earnings ratio of -46.90.

About Metals One

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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.

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