Metals One (LON:MET1) Hits New 52-Week High – What’s Next?

Metals One PLC (LON:MET1Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 28 ($0.36) and last traded at GBX 26 ($0.34), with a volume of 2234745 shares traded. The stock had previously closed at GBX 22 ($0.29).

Metals One Trading Up 18.2 %

The company has a fifty day moving average of GBX 5.21 and a 200-day moving average of GBX 2.10. The stock has a market cap of £80.13 million and a PE ratio of -199.41.

Metals One Company Profile

(Get Free Report)

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.

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