Metals Exploration (LON:MTL) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Metals Exploration plc (LON:MTLGet Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5.58 ($0.07) and traded as low as GBX 5.36 ($0.07). Metals Exploration shares last traded at GBX 5.36 ($0.07), with a volume of 5,069,633 shares traded.

Metals Exploration Price Performance

The business’s 50 day simple moving average is GBX 5.67 and its 200 day simple moving average is GBX 5.58. The company has a market capitalization of £173.76 million, a price-to-earnings ratio of 1.01 and a beta of 0.19.

Insider Buying and Selling

In other news, insider David Cather acquired 500,000 shares of Metals Exploration stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £30,000 ($38,764.70). Corporate insiders own 65.03% of the company’s stock.

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.

Further Reading

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