Capital Metals plc (LON:CMET – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as GBX 3.50 and last traded at GBX 3.50, with a volume of 485,896 shares trading hands. The stock had previously closed at GBX 3.65.
Capital Metals Stock Down 4.4%
The firm has a 50 day moving average price of GBX 3.78 and a two-hundred day moving average price of GBX 4.55. The company has a market capitalization of £17.24 million, a price-to-earnings ratio of -13.83 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.
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