Metals Exploration (LON:MTL) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Metals Exploration plc (LON:MTLGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.58 ($0.07) and traded as low as GBX 5.40 ($0.07). Metals Exploration shares last traded at GBX 5.70 ($0.07), with a volume of 6,100,207 shares traded.

Metals Exploration Stock Performance

The stock has a market capitalization of £184.71 million, a P/E ratio of 1.07 and a beta of 0.19. The stock has a 50-day moving average price of GBX 5.74 and a two-hundred day moving average price of GBX 5.58.

Insider Activity at Metals Exploration

In other news, insider David Cather purchased 500,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £30,000 ($38,804.81). 65.03% of the stock is currently owned by corporate insiders.

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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