Metals Acquisition Limited (NYSE:MTAL - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $9.70 and last traded at $9.70, with a volume of 425 shares. The stock had previously closed at $10.17.
Analyst Upgrades and Downgrades
Separately, Scotiabank decreased their target price on shares of Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th.
Read Our Latest Stock Report on Metals Acquisition
Metals Acquisition Trading Up 0.6 %
The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock's 50-day simple moving average is $11.75 and its 200 day simple moving average is $12.23.
Institutional Trading of Metals Acquisition
Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in Metals Acquisition during the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $34,000. Quantbot Technologies LP acquired a new position in shares of Metals Acquisition during the third quarter worth approximately $46,000. FMR LLC bought a new position in shares of Metals Acquisition in the 3rd quarter worth $107,000. Finally, Tidal Investments LLC acquired a new stake in Metals Acquisition in the 3rd quarter valued at $186,000. Institutional investors and hedge funds own 87.47% of the company's stock.
About Metals Acquisition
(
Get Free Report)
Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.
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