Metals Exploration plc (LON:MTL – Get Free Report) was up 7% on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 6.75 ($0.09) and last traded at GBX 6.70 ($0.09). Approximately 10,998,365 shares traded hands during trading, an increase of 117% from the average daily volume of 5,060,888 shares. The stock had previously closed at GBX 6.26 ($0.08).
Specifically, insider Andrew Chubb purchased 69,890 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £4,193.40 ($5,421.33).
Metals Exploration Stock Up 7.0 %
The stock has a market capitalization of £217.12 million, a P/E ratio of 1.26 and a beta of 0.19. The business has a 50-day simple moving average of GBX 5.68 and a two-hundred day simple moving average of GBX 5.62.
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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