Metals One (LON:MET1) Sets New 12-Month Low – Time to Sell?

Shares of Metals One PLC (LON:MET1Get Free Report) reached a new 52-week low on Monday . The company traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.45 ($0.01), with a volume of 15990 shares. The stock had previously closed at GBX 0.42 ($0.01).

Metals One Price Performance

The firm has a fifty day simple moving average of GBX 0.45 and a 200-day simple moving average of GBX 0.59. The firm has a market cap of £1.49 million and a P/E ratio of -45.00.

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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