Metals One (LON:MET1) Issues Quarterly Earnings Results

Metals One (LON:MET1) posted its quarterly earnings results on Wednesday. The company reported GBX (0.06) earnings per share for the quarter, Digital Look Earnings reports.

Metals One Stock Down 1.0%

MET1 opened at GBX 1.23 on Thursday. The firm has a market cap of £13.93 million and a P/E ratio of -0.48. Metals One has a 52 week low of GBX 1.15 and a 52 week high of GBX 4.65. The business’s fifty day simple moving average is GBX 1.28 and its 200 day simple moving average is GBX 1.41.

About Metals One

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. Metals One’s Black Schist Project in Finland, totalling 706 km2 across three licence areas, has a total Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc and is located adjacent to one of Europe’s largest strategic minerals producers, Terrafame.