Metals One (LON:MET1) Reaches New 12-Month Low – Time to Sell?

Metals One PLC (LON:MET1Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.42 ($0.01), with a volume of 503271 shares changing hands. The stock had previously closed at GBX 0.45 ($0.01).

Metals One Stock Performance

The stock has a market cap of £1.32 million and a P/E ratio of -40.00. The stock’s fifty day moving average is GBX 0.60 and its 200 day moving average is GBX 0.89.

About Metals One

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Metals One PLC focuses on acquiring natural resources projects. The company intends to acquire battery metal projects, including nickel, lithium, cobalt, and copper. It holds 100% interests in the Black Schist project covering an area of approximately 706 square kilometers located in Finland; and 80% interest in the Brownfield Råna nickel project covering an area of approximately 18 square kilometers located in Norway.

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