Metals Exploration (LON:MTL) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Metals Exploration plc (LON:MTLGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5.25 ($0.06) and traded as high as GBX 6.20 ($0.08). Metals Exploration shares last traded at GBX 6.16 ($0.07), with a volume of 6,368,717 shares trading hands.

Metals Exploration Trading Down 3.4 %

The company has a debt-to-equity ratio of 17.84, a quick ratio of 0.22 and a current ratio of 2.67. The firm has a market capitalization of £102.94 million, a P/E ratio of 119.00 and a beta of 0.19. The firm has a 50 day simple moving average of GBX 5.61 and a two-hundred day simple moving average of GBX 5.26.

Insider Activity at Metals Exploration

In other news, insider Andrew Chubb sold 2,500,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of GBX 7 ($0.09), for a total value of £175,000 ($212,921.28). 65.03% of the stock is owned by insiders.

Metals Exploration Company Profile

(Get Free Report)

Metals Exploration Plc is a gold producer in the Philippines. It is the 100% owner of the Runruno Gold Project located in the Northern Philippines.

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