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Metals Exploration (LON:MTL) Hits New 12-Month High - Still a Buy?

Metals Exploration logo with Basic Materials background

Metals Exploration plc (LON:MTL - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 7.90 ($0.10) and last traded at GBX 7.55 ($0.10), with a volume of 20450293 shares. The stock had previously closed at GBX 7.67 ($0.10).

Metals Exploration Stock Performance

The business's fifty day moving average price is GBX 6.21 and its two-hundred day moving average price is GBX 5.88. The stock has a market capitalization of £246.28 million, a P/E ratio of 1.43 and a beta of 0.19.

Insider Buying and Selling

In other news, insider Andrew Chubb acquired 69,890 shares of the business's stock in a transaction on Monday, March 31st. The shares were acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £4,193.40 ($5,571.14). Also, insider David Cather bought 500,000 shares of Metals Exploration stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £30,000 ($39,856.52). 65.03% of the stock is currently 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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