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Metals Exploration (LON:MTL) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Metals Exploration logo with Basic Materials background

Metals Exploration plc (LON:MTL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5.25 ($0.06) and traded as high as GBX 6.20 ($0.08). Metals Exploration shares last traded at GBX 6.16 ($0.08), with a volume of 6,368,717 shares.

Metals Exploration Stock Down 3.4 %

The company has a market cap of £102.94 million, a P/E ratio of 119.00 and a beta of 0.19. The company has a quick ratio of 0.22, a current ratio of 2.67 and a debt-to-equity ratio of 17.84. The firm has a fifty day moving average price of GBX 5.61 and a 200 day moving average price of GBX 5.25.

Insider Buying and Selling

In related news, insider Andrew Chubb sold 2,500,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 7 ($0.09), for a total value of £175,000 ($214,119.66). 65.03% of the stock is owned by corporate insiders.

About Metals Exploration

(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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