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Metals Exploration (LON:MTL) Stock Price Down 8.2% - Time to Sell?

Metals Exploration logo with Basic Materials background

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.
  • Need better tools to track Metals Exploration? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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

Metals Exploration Trading Down 0.4%

The stock has a market capitalization of £418.03 million, a PE ratio of 2.43 and a beta of 0.19. The firm has a 50 day moving average price of GBX 12.81 and a 200 day moving average price of GBX 8.92.

Insider Activity at Metals Exploration

In other news, insider Tim Livesey sold 2,500,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of GBX 8, for a total value of £200,000. 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.

See Also

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