Metals One (LON:MET1) Hits New 1-Year High – Still a Buy?

Metals One PLC (LON:MET1Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 24 ($0.31) and last traded at GBX 23 ($0.30), with a volume of 2093165 shares traded. The stock had previously closed at GBX 14 ($0.18).

Metals One Trading Up 64.3 %

The company’s fifty day simple moving average is GBX 1.04 and its 200 day simple moving average is GBX 0.67. The stock has a market capitalization of £70.88 million and a P/E ratio of -176.40.

About Metals One

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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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