Metals Exploration (LON:MTL) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Metals Exploration plc (LON:MTLGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.30 ($0.07) and traded as high as GBX 6.10 ($0.08). Metals Exploration shares last traded at GBX 5.90 ($0.07), with a volume of 5,228,170 shares traded.

Metals Exploration Price Performance

The stock has a 50-day simple moving average of GBX 5.64 and a 200 day simple moving average of GBX 5.30. 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 company has a market cap of £102.07 million, a P/E ratio of 118.00 and a beta of 0.19.

Insider Buying and Selling

In related news, insider Andrew Chubb sold 2,500,000 shares of the firm’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 transaction of £175,000 ($218,449.63). 65.03% of the stock is owned by corporate 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.

Further Reading

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