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Metals Exploration (LON:MTL) Reaches New 52-Week High - Should You Buy?

Metals Exploration logo with Basic Materials background

Metals Exploration plc (LON:MTL - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 10.60 ($0.15) and last traded at GBX 10.60 ($0.15), with a volume of 11523634 shares. The stock had previously closed at GBX 10.25 ($0.14).

Metals Exploration Trading Up 2.4%

The business has a 50 day moving average of GBX 8.41 and a 200-day moving average of GBX 6.68. The firm has a market capitalization of £348.36 million, a P/E ratio of 2.02 and a beta of 0.19.

Insider Buying and Selling

In other Metals Exploration news, insider Andrew Chubb bought 69,890 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £4,193.40 ($5,754.63). Also, insider Tim Livesey sold 2,500,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of GBX 8 ($0.11), for a total value of £200,000 ($274,461.37). 65.03% of the stock is owned by company insiders.

About Metals Exploration

(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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