Metals Exploration (LON:MTL) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Metals Exploration plc (LON:MTLGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.54 ($0.07) and traded as low as GBX 5.40 ($0.07). Metals Exploration shares last traded at GBX 5.56 ($0.07), with a volume of 8,039,368 shares trading hands.

Metals Exploration Stock Performance

The firm has a market capitalization of £181.47 million, a PE ratio of 1.05 and a beta of 0.19. The firm has a fifty day moving average of GBX 5.74 and a 200 day moving average of GBX 5.54.

Insider Activity at Metals Exploration

In related news, insider David Cather bought 500,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of GBX 6 ($0.08) per share, for a total transaction of £30,000 ($38,659.79). Company 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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