Metals Exploration (LON:MTL) Reaches New 52-Week High - Here's Why

Metals Exploration plc (LON:MTL - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 9.70 ($0.13) and last traded at GBX 9.60 ($0.13), with a volume of 18577758 shares changing hands. The stock had previously closed at GBX 9.40 ($0.13).

Metals Exploration Stock Down 2.2%

The business has a 50-day simple moving average of GBX 7.97 and a 200-day simple moving average of GBX 6.48. The company has a market cap of £331.35 million, a PE ratio of 1.92 and a beta of 0.19.

Insider Activity at Metals Exploration

In related news, insider Andrew Chubb bought 69,890 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £4,193.40 ($5,627.21). Also, insider Tim Livesey sold 2,500,000 shares of the company's 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 transaction of £200,000 ($268,384.33). Company insiders own 65.03% of the company's stock.

About Metals Exploration

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.