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Metals Exploration (LON:MTL) Share Price Passes Below 200 Day Moving Average - What's Next?

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Metals Exploration plc (LON:MTL - Get 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 trading hands.

Metals Exploration Price Performance

The company has a fifty day simple moving average of GBX 5.72 and a two-hundred day simple moving average of GBX 5.58. The company has a market capitalization of £180.82 million, a P/E ratio of 1.05 and a beta of 0.19.

Insider Buying and Selling at Metals Exploration

In related news, insider David Cather bought 500,000 shares of the business's stock in a transaction 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 ($38,966.10). Corporate 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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