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

Metals Exploration logo with Basic Materials background

Metals Exploration plc (LON:MTL - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 8.50 ($0.12) and last traded at GBX 8.18 ($0.11), with a volume of 8136346 shares trading hands. The stock had previously closed at GBX 8.40 ($0.11).

Metals Exploration Trading Down 2.6%

The firm has a 50 day simple moving average of GBX 6.96 and a 200 day simple moving average of GBX 6.09. The firm has a market capitalization of £265.05 million, a PE ratio of 1.54 and a beta of 0.19.

Insider Activity

In related news, insider Andrew Chubb purchased 69,890 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £4,193.40 ($5,689.82). Insiders own 65.03% of the company's stock.

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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