Metals Exploration (LON:MTL) Trading Down 8.2% - Should You Sell?

Key Points

• Metals Exploration plc (LON: MTL) shares fell by 8.2%, trading at GBX 12.30 ($0.17) on Thursday, with a decline from the previous close of GBX 13.40 ($0.18).
• Insider Tim Livesey sold 2,500,000 shares of the company's stock for a total of £200,000, increasing insider ownership to 65.03%.
• The company, a gold producer in the Philippines, has a market capitalization of £422.89 million and a low P/E ratio of 2.45.

Metals Exploration plc (LON:MTL - Get Free Report)'s share price dropped 8.2% during trading on Thursday . The company traded as low as GBX 12.30 ($0.17) and last traded at GBX 12.30 ($0.17). Approximately 9,685,609 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 10,009,228 shares. The stock had previously closed at GBX 13.40 ($0.18).

Metals Exploration Price Performance

The stock has a market cap of £411.55 million, a PE ratio of 2.39 and a beta of 0.19. The business has a 50 day moving average price of GBX 12.87 and a two-hundred day moving average price of GBX 8.97.

Insider Buying and Selling at Metals Exploration

In other news, 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, for a total transaction of £200,000. 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.