Metals Exploration (LON:MTL) Stock Price Up 9.7% - Here's Why

Key Points

• Metals Exploration plc shares surged by 9.7%, reaching a trading high of GBX 14.70 ($0.20), following an increase in daily trading volume by 9% compared to the average.
• The company, which is a gold producer in the Philippines, owns the Runruno Gold Project in the Northern Philippines.
• Metals Exploration has a market capitalization of £428.81 million and an exceptionally high P/E ratio of 1,144.92.

Shares of Metals Exploration plc (LON:MTL - ) shot up 9.7% on Tuesday . The stock traded as high as GBX 14.70 ($0.20) and last traded at GBX 14.49 ($0.20). 10,813,816 shares were traded during mid-day trading, an increase of 9% from the average session volume of 9,964,479 shares. The stock had previously closed at GBX 13.20 ($0.18).

Metals Exploration Trading Up 11.0%

The company has a 50-day moving average price of GBX 13.32 and a two-hundred day moving average price of GBX 9.44. The stock has a market capitalization of £428.81 million, a P/E ratio of 1,144.92 and a beta of 0.19.

Metals Exploration Company Profile

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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