Metals One (LON:MET1) Shares Down 6.4% – Here’s What Happened

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

Metals One Stock Performance

The business has a 50-day simple moving average of GBX 0.47 and a two-hundred day simple moving average of GBX 0.77. The company has a market capitalization of £1.57 million and a price-to-earnings ratio of -47.50.

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.