First Class Metals (LON:FCM) Issues Quarterly Earnings Results

First Class Metals (LON:FCM) released its quarterly earnings data on Tuesday. The company reported GBX (0.37) earnings per share for the quarter, Digital Look Earnings reports.

First Class Metals Stock Down 3.7%

Shares of LON:FCM traded down GBX 0.10 during trading on Tuesday, reaching GBX 2.60. 2,230,555 shares of the company’s stock traded hands, compared to its average volume of 6,976,875. First Class Metals has a fifty-two week low of GBX 0.96 and a fifty-two week high of GBX 4.85. The company has a 50-day simple moving average of GBX 2.78 and a 200-day simple moving average of GBX 2.64. The firm has a market cap of £11.03 million, a PE ratio of -4.26 and a beta of 0.02.

Insiders Place Their Bets

In other First Class Metals news, insider James Knowles sold 470,648 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of GBX 3, for a total transaction of £14,119.44. Insiders own 5.41% of the company’s stock.

About First Class Metals

First Class Metals PLC achieved a Standard Listing on The London Stock Exchange in late July 2022 and has remained focused on advancing its highly prospective properties for base (battery) and precious metals in the province of Ontario, Canada with the aim of bringing them to a ‘drill ready status’.

Held through its subsidiary, First Class Metals Canada Inc, seven 100%-owned properties are located within the highly mineralised and prospective Hemlo Greenstone Belt and the named extensions east and west.