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Metals Exploration (LON:MTL) Stock Price Up 7% on Insider Buying Activity

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Metals Exploration plc (LON:MTL - Get Free Report) shares were up 7% during mid-day trading on Tuesday following insider buying activity. 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 were traded 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 acquired 69,890 shares of the business's stock in a transaction on Monday, March 31st. The stock was bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £4,193.40 ($5,405.26).

Metals Exploration Stock Performance

The stock's 50 day simple moving average is GBX 5.70 and its two-hundred day simple moving average is GBX 5.65. The firm has a market capitalization of £194.40 million, a PE ratio of 1.13 and a beta of 0.19.

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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