Shares of Capital Metals plc (LON:CMET – Get Free Report) shot up 5.1% on Wednesday . The stock traded as high as GBX 5.20 and last traded at GBX 5.20. Approximately 252,414 shares traded hands during trading, a decline of 82% from the average daily volume of 1,434,944 shares. The stock had previously closed at GBX 4.95.
Capital Metals Trading Up 5.1%
The firm’s fifty day simple moving average is GBX 4.70 and its two-hundred day simple moving average is GBX 4.44. The company has a market capitalization of £25.58 million, a price-to-earnings ratio of -22.03 and a beta of 0.51.
Capital Metals (LON:CMET – Get Free Report) last released its quarterly earnings results on Thursday, December 18th. The company reported GBX (0.14) EPS for the quarter.
Capital Metals Company Profile
Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential.
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