Capital Metals (LON:CMET) Hits New 12-Month Low – Here’s Why

Capital Metals plc (LON:CMET)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 3.50 and last traded at GBX 3.64, with a volume of 14,182 shares changing hands. The stock had previously closed at GBX 3.65.

Capital Metals Trading Down 0.3%

The firm has a 50-day moving average of GBX 3.77 and a two-hundred day moving average of GBX 4.55. The firm has a market capitalization of £17.93 million, a PE ratio of -14.39 and a beta of 0.57.

About Capital Metals

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.