Metals One (LON:MET1) Posts Quarterly Earnings Results

Metals One (LON:MET1) released its earnings results on Tuesday. The company reported GBX (2.60) EPS for the quarter, Digital Look Earnings reports.

Metals One Stock Performance

Shares of Metals One stock opened at GBX 1.40 on Wednesday. The company has a 50-day simple moving average of GBX 1.43 and a two-hundred day simple moving average of GBX 1.70. The stock has a market capitalization of £15.82 million and a PE ratio of -0.28. Metals One has a 52-week low of GBX 1.15 and a 52-week high of GBX 29.60.

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.