Capital Metals (LON:CMET) Stock Price Down 1.3% – What’s Next?

Capital Metals plc (LON:CMET) shares fell 1.3% during trading on Wednesday . The company traded as low as GBX 4.98 and last traded at GBX 4.98. 126,770 shares traded hands during trading, a decline of 87% from the average session volume of 951,584 shares. The stock had previously closed at GBX 5.05.

Capital Metals Stock Down 1.3%

The stock has a 50 day simple moving average of GBX 5.01 and a 200 day simple moving average of GBX 4.79. The company has a market cap of £24.52 million, a price-to-earnings ratio of -21.11 and a beta of 0.62.

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.