Metals One (LON:MET1) Trading Down 11.1% – Time to Sell?

Metals One PLC (LON:MET1Get Free Report)’s share price fell 11.1% during mid-day trading on Thursday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). 1,066,985 shares traded hands during trading, an increase of 56% from the average session volume of 682,329 shares. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Trading Down 11.7 %

The business has a 50 day moving average price of GBX 0.46 and a 200 day moving average price of GBX 0.67. The company has a market capitalization of £1.44 million and a P/E ratio of -43.60.

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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